This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Descartes Systems releases latest ISF product 2009-10-28 08:10 ET - News Release
Ms. Nicole German reports DESCARTES RELEASES NEW VERSION OF ISF "10+2" SOLUTION AS
PENALTY DEADLINE NEARS The
Descartes Systems
Group Inc. has released its latest importer
security filing (ISF) 10+2 compliance solution that helps customers
be ready for the Jan. 26, 2010, mandate date.
On Nov. 25, 2008, U.S. Customs and Border Protection (CBP) released a
rule on ISFs known as the 10+2 rule.
As of Jan. 26, 2010, the penalty phase will begin and organizations
will face significant fines if they are not in compliance with the
regulation. The ISF rule makes for a more complicated filing because it
is a multiparty process that requires importers to provide CBP with 10
data elements about ocean shipments inbound to the United States at least 24
hours prior to vessel departure; it also requires ocean carriers to provide two data
messages at least 48 hours prior to vessel departure.
The latest release of the Descartes ISF service incorporates the
recommendations of the Descartes 10+2 readiness program, the Descartes
customs working groups and the many Descartes customers already
processing ISF filings. Enhancements include the addition of operational
data elements that allow users to collect non-mandatory data elements
within the ISF data entry functions; expanded filtering and searching
capability, and use of these operational data elements; extended
e-alert functionality for better exception monitoring; a new parts
database (manufacturer or importer) to support Harmonized Tariff
Schedule (HTS) classifications; and updated user permissions, among other
things.
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