MERCHANDISE PROCESSING FEE UPDATE EFFECTIVE OCTOBER 1, 2023

2024-03-11T16:26:52+00:00October 4th, 2023|Customs, Freight Talk, Import|

Pursuant to the General Notice (88 FR 48900) published on July 28, 2023 various changes to user fees within the Consolidated Omnibus Budget Reconciliation Act (COBRA) of 1985 took effect on October 1, 2023.

MERCHANDISE PROCESSING FEE UPDATES

The Merchandise Processing Fee (MPF) ad valorem rate of 0.3464% did NOT change.

The MPF minimum and maximum for formal entries (class code 499) DID change:

The minimum changed from $29.66 to $31.67.

The maximum changed from $575.35 to $614.35.

FEDERAL REGISTER NOTICE: COBRA Fees To Be Adjusted for Inflation in Fiscal Year 2024

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