Temporary Importations Under Bond (TIB) Extensions: TIB Extensions requested by Trade will automatically be accepted in ACE, but CBP will have the ability to deny an extension as necessary. Deem Liquidations: For entry summaries that are deem liquidated, they will display on the electronic bulletin as “deem liquidated” for the basis of liquidation.If no action has been taken to extend or suspend, an entry summary will deem liquidate at 365 days.The current Deployment G Release schedule is as follows: This phased approach ensures that the ACE core post release capabilities continue to interface seamlessly with collections in the legacy system.
The final tally is determined based on the rate of duty that correlates with the HTSUS code of the goods.The following are the high level changes for processing liquidations in ACE.New Weekly Processing: Liquidations will no longer occur on a two week cycle.However, the goal of this time is to allow investors the opportunity to trade out of current positions, find alternate hedging opportunities, evaluate risk, etc. This time is also used for the ETF provider to make investing strategy adjustments as well. So it is an important time frame for both the institution and individual trader who has the ETF in their portfolio.Once the final bell rings (death toll, then it will take some time for the ETF to go through the liquidation process.