U.S. Customs Merchandise Processing Fee Increase coming October 1, 2023

Attention Importers! U.S. Customs and Border Protection has issued a notice of increase to COBRA fees on July 28, 2023 in the Federal Register. The Merchandise Processing Fee (MPF) minimum and maximum is set to increase to $31.67 and $614.35, respectively, for fiscal year 2024 on October 1, 2023. Notably, the ad valorem rate of 0.3464% will NOT increase. At Atron, we understand the importance of staying up-to-date with the latest industry changes. Count on us to keep you informed. Dependability, delivered.

https://www.federalregister.gov/documents/2023/07/28/2023-16197/cobra-fees-to-be-adjusted-for-inflation-in-fiscal-year-2024-cbp-dec-23-08