PART 8-ACCOUNTING GOODS AND PAYMENT FOR DUTIES AND TAX

Section 32 of customs act

contains the core legal rules that govern release, accounting, timing, and responsibility—making it one of the most important sections of the Customs Act for CCS professionals to understand and apply every day.

five business days

For all commercial goods, accounting data must be presented in hard copy or transmitted electronically, and accepted by the CBSA within __________after they were released.

CAD

Commercial Accounting Declaration

TYPE V

This type is used by an importer/owner to voluntarily declare goods that entered Canada without official customs release. 

Type of CAD

AB-This type is used to account for goods released on minimum documentation information. ( RMD, PARS,IID)

C-This type is used to obtain release and provide accounting at the same time

TYPE F-This type is used to account for goods imported into Canada through the CLVS stream

TYPE TT-This type is used to account for goods imported by a Customs Self Assessment (CSA)

TYPE V-This type is used by an importer/owner to voluntarily declare goods that entered Canada without official customs release. 

TYPE 13-This passage explains CAD Type 13, which is used when goods stored in a Customs Bonded Warehouse (CBW) need to be transferred or when ownership of the goods changes.

TYPE 20-This type is used to account for duty and taxes on goods taken out of the warehouse for use in Canada that were warehoused on CAD types 10 and 13.

TYPE 21-This type is used when goods that were warehoused on CAD types 10 and 13 are taken out of the warehouse, exported, damaged goods, shortages,

TYPE 30-This type is used for the transfer of ownership or title

CLVS TIME FRAME FOR ACCOUNTING THE GOODS

 accounting data must be provided to CBSA by the 24th day of the month following the month in which the goods were released.

C288 and C331

the AMPS penalties for late accounting are______

32(2)(a)

Interim accounting is permitted as per Section______

of the Customs Act.

32(4)

Section______

of the Customs Act allows goods that have been imported by mail to be released prior to accounting and the payment of duties and taxes.