REMINDER - CBP Increases MPF Effective October 1, 2023
As a reminder, U.S. Customs & Border Protection (CBP) will increase the Merchandise Processing Fee (MPF) effective Sunday, October 1, 2023 for fiscal year 2024.
While the assessed rate of 0.3464 percent of the entered value of merchandise will not change, the minimum and maximum limits for the MPF are adjusted as follows:
➢ Formal entry minimum increases from $29.66 to $31.67
➢ Formal entry maximum increases from $575.35 to $614.35
➢ Informal entry increases from $2.37 to $2.53
We appreciate your continued support as a valued customer. Should you require further information or clarification, please contact your Schenker brokerage office.