MPF Fee announced by CBP
Effective October 1, 2018 for fiscal year 2019, U.S. Customs & Border Protection announced a 2.151 percent increase of the merchandise processing fee (MPF).
While the assessed rate of .3464 percent of the entered value of merchandise does not change, the minimum and maximum limitations for the MPF are adjusted. The fee is now reviewed annually and may be adjusted to account for inflation as authorized under the 2015 Fixing America’s Surface Transportation Act (FAST Act). The rate of increase is calculated from the base year of 2014, so the announced rate increase of 4.886 percent is based on fee amounts in that year ($25 formal min, $485 formal max), rather than from current rates.
- Formal entry minimum increases from $25.67 to $26.22
- Formal entry maximum increases from $497.99 to $508.70
- Informal entry electronically transmitted to CBP increases from $2.05 to $2.10
- Informal entry manually submitted to CBP increases from $6.16 to $6.29
We appreciate your continued support as a valued customer and should you require further information or clarification, please contact your Schenker brokerage office.