October 2024 — Question 17

Echo will be filing a CBP Form 7501 (7501) for the importation of its paper products, with an entered value of over $1,000. Box 23 on the 7501 requires an Importer Number. An entity’s Importer Number stems from first registering with CBP as an Importer of Record (IOR). Each IOR, in turn, has its own Importer Number. Registering as an IOR with CBP is necessary if an entity intends to be involved as an importer on an informal or formal entry. However, individuals and organizations do not need to be registered as an IOR with CBP to make a section 321 entry (also referred to as de minimis). De minimis entries are for shipments imported by one person on one day valued at $800 or less. Therefore, which below statement is TRUE?

• AEcho does not need to register as an IOR and will not need an Importer Number in Box 23 of the 7501.
• BCBP will assign Echo an Employer Identification Number for NBB to use on behalf of Echo as Echo's Importer Number in Box 23 of the 7501.
• CNBB can file a Form 5106 to provide Echo’s Canadian Corporation Number to CBP to use as Echo’s Importer Number in Box 23 of the 7501.
• DNBB can file a Form 5106 and CBP will assign a number (Customs Assigned Number) to use as Echo’s Importer Number in Box 23 of the 7501.✓ CBP's answer