Facts to know about the ITN Number for AES in customs clearance

For Canadians importing a car from the United States, an Internal Transaction Number(ITN) is needed from the Automated Export System(AES) of the United States.

There are customs brokerage firms like Clearit that handle high-value imports from the United States. They ensure a hassle-free import in compliance with the customs laws of both countries.

This article takes you through the nitty-gritty of the ITN procedure and the compliances of the importers in Canada.

Let us begin!

The ITN and AES

The ITN is a 14-digit number associated with export transactions in the Automated Export System of the United States.

It is a legal obligation to inform the U.S. government about the details of the export shipment. An ITN must be obtained for all high-value overseas shipments over $2500.

The ITN is automatically generated by AES upon submission. If the exporter does not obtain an ITN, the Customs and Border Protection(CBP) may turn back the package or even issue a fine.

Therefore, filing an ITN ensures a safe passage for exports from the United States.

How can a customs brokerage firm help?

Many firms offer a complete Car import package. Their agents ensure a smooth crossing of your dream car across the border.

They include the following

Generation of AES/ITN number
Submissions to Automotive Export Council at 72-hour notice
Customs agent at the site during the crossing
Compliance with rules for customs release
Remittance of Duties and taxes to Canada Customs
Seamless coordination of border crossing
Professional Customs Accounting Documentation

The brokerage firms charge a fixed price per clearance based on the value of an import. An additional disbursement fee applies to Duties & Taxes. Further charges for Other Government Declaration and Additional Tariff Lines may be applicable.

Suggestions before importing goods from the United States

Choose an experienced customs broking firm with proven credibility.
Ask your agent about all the disbursement and other charges applicable for the import.
Check the competitive pricing of the service charges of different firms.
Negotiate with the firm for the last mile delivery of the imported package.
If you would like to review your entries before customs submission, inform the same to customs agent.
Ensure compliance with the requisite PARS manifests information to avoid delays.

Concluding thoughts

Now that you understand ITN/AES procedure, choose a professional customs brokerage firm to ensure a hassle-free import from the United States. The Clearit itn number for Canada is the most reliable option you have. You must check out the website for all details!

Looking For A Broker For Forex Trading? Here’s Some Beginner Tips

Forex brokers are a key element in trading the forex market. A forex broker is an organisation that offers trading services. He/she makes it possible to trade on the forex market. A good forex broker is a crucial step in your trading journey. But what should you look out for in a forex broker? Starters should look for a broker offering low spreads, demo accounts and easy withdrawal and deposit procedures. As there are many manipulators out there, it is important for beginners to take the time to thoroughly review the broker before making a decision.Read More

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A forex broker is responsible for buying, selling, and speculating currencies for trader’s accounts. A broker who is a good choice will try to reduce trader costs by offering the best solutions. The fees that traders pay include commission and other costs. The margin levels are also important for traders to protect their accounts.

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Good brokers are able to communicate with their clients and offer different accounts to suit their trading needs. A broker that is attentive to trader needs and works with them to achieve them is the best for beginners. He focuses on helping them reach their goals. They can also help protect traders’ accounts from a negative balance. Traders can talk to their mentors and account managers about any questions they may have when it comes to broker selection.

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