PMS (Periodic Monthly Statement)
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The Automated Clearing House (ACH) payment option by CBP allows importers to make a consolidated electronic payment for customs charges, tariffs, and taxes.
The PMS allows importers to make a single interest-free electronic payment for customs charges on shipments cleared the previous month, specifically on the 15th working business day.
Importers using the ACH and PMS option can improve cash flow by eliminating the need for transactional payments of customs, taxes, and fees.
Importers with an active ACE account can request the PMS payment option.
Importers without an ACE account can qualify for the ACH and PMS option through Beeontrade, which holds an ACE account.
To register for PMS, importers should inquire about the option and request it if they have an active ACE account.
Importers can benefit from improved cash flow because they no longer need to make individual payments for customs charges, tariffs, and taxes on a transactional basis.
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