Breaking Trade News: CAPE Update, New Foreign IOR Guidance
This week’s recap of the latest customs and international trade news:
U.S. Customs and Border Protection (CBP)
- CBP submitted a CAPE update to the Court of International Trade (CIT) on November 10. Highlights:
- 321,021 CAPE declarations submitted
- $138B refunds accepted for processing
- 44M entries covered by CAPE declarations
- 18,072 refunds rejected due to incomplete ACH information
- CBP published several documents regarding the new foreign importer of record requirements on the ACE CATAIR webpage.
- CBP published a new FAQ stating that a significant amount of unencumbered real property in the United States meets CBP’s definition of U.S. importer of record in its recent interim final rule.
- CBP deactivated over 400,000 importer of record accounts between Sept. 11 and Oct. 16 due to inactivity – reporting by International Trade Today.
- CBP published a CSMS message explaining that new electronic validation checks may reject entries and entry summaries beginning January 5, 2027, when foreign […]

