Mastering Customs Brokerage: Demystifying ISF Filing and Entry Filing

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In this video, we discuss the concepts of ISF filing and entry filing in customs brokerage, specifically focusing on their differences and overlaps. ISF filing, also known as the 10+2 Rule, is a requirement enforced by the US CBP for ocean freight shipments entering the United States. It involves submitting ten data elements from the importer and two from the carrier at least 24 hours before loading. Entry filing, on the other hand, is the process of providing documentation and data to declare the importation of goods, including information on value, classification, and origin. While ISF filing is security-focused, entry filing covers a broader range of customs-related information. Though they serve different purposes, there are overlaps between the two processes, such as the need for accurate and complete data and the requirement of certain information about the goods being imported. Compliance with customs regulations is crucial in both cases.
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Video Disclaimer Here: For educational purposes - No affiliation with US government sectors.

00:33 - ISF filing, or Importer Security Filing, is a requirement by U.S. Customs and Border Protection for ocean freight shipments into the United States, focusing on security-related data, submitted 24 hours before loading.
1:04 - Entry filing is the declaration of imported goods to CBP, covering value, classification, and origin, done before goods are released from customs custody by customs brokers or authorized agents.
1:30 - ISF filing focuses on security-related data like cargo manifest and bill of lading numbers, while entry filing requires detailed information such as value, classification under HS code, and applicable duties and taxes.
2:07 - Both ISF filing and entry filing require accurate and complete data submission for compliance with customs regulations, with overlaps in basic information about goods and the consequences of inaccurate information or missed deadlines.