There is a simple formula to calculate the Harbor Maintenance Fee:
HMF = value of shipment X 0.125
. For example, on a $10,000 shipment, the HMF would be $12.50 ($10,000 X 0.125). Unlike the Merchandise Processing Fee (MPF), HMF does not have a minimum or maximum charge.
What is the maximum harbor maintenance fee?
HMF will equal 0.125% of the value of cargo and there is
no minimum or maximum amount of charge
.
Who pays Harbour maintenance?
Who Pays the Harbor Maintenance Fees and How Is it Paid? In all cases,
the importer of the cargo
is responsible for paying the Harbor Maintenance Fees. It must follow standard United States Customs and Border Protection collection procedures. This is normally done by completing the CBP form 7501.
What is harbor Maintenance Tax?
Introduction. The harbor maintenance tax (HMT) is
a federal tax enacted pursuant to the Harbor Maintenance Revenue Act of 1986
, (1) which provides for the conservation and improvement of the nation’s water resources.
How much is MPF and HMF?
MPF for informal entries (i.e. goods imported via mail etc.) is a set fee and ranges from $2.22, $6.66 or $9.99 per shipment
. If the mode of transportation is via ship a Harbor Maintenance Fee (HMF) is collected by CBP. HMF is . 125 percent of the value of the commercial cargo shipped through identified ports.
What is the minimum merchandise processing fee?
The Merchandise Processing Fee (MPF) is a U.S. Customs charge assessed for most imports into the United States. The MPF is charged at 0.3464% of the entered value declared on the commercial invoice, with
a minimum of $27.23
, and a maximum of $528.33 per entry.
What is cotton fee?
Importers are exempt from paying the
cotton import assessment
(known commonly among importers as the “cotton fee”) if a line item on U.S. Customs and Border Protection (CBP) documentation is $2.00 or less.
What is the Harbor Maintenance Trust Fund?
The HMTF is used to pay for 100% of the maintenance costs of harbors (there is no local cost share), except for dredging at depths greater than 50 feet. Nonfederal interests, such as port authorities, must contribute half the additional cost of maintaining channel depths greater than 50 feet.
What is HMF CBP?
The Harbor Maintenance Fee (HMF) is
a fee imposed by U.S. Customs and Border Protection (CBP) for U.S. imports shipped via ocean freight
. It is charged at 0.125% of the value of the commercial cargo shipped through identified ports.
How are US customs fees calculated?
The Customs Duty Rate is a percentage. This percentage is
determined by the total purchased value of the article(s) paid at a foreign country
and not based on factors such as quality, size, or weight.
What is the maximum merchandise processing fee?
The Merchandise Processing Fee (MPF) for formal entries is an ad valorem fee of 0.3464 percent. The fee is based on the value of the merchandise being imported, not including duty, freight, and insurance charges. The maximum amount of the fee
shall not exceed $538.40
and shall not be less than $27.75.
How much is clearance fee?
US Customs collects this fee on most shipments that enter the country. It’s calculated at
0.3464% of the entered value
(the cost of the merchandise, as entered on the commercial invoice you provide to your customs broker), with a minimum of $27.23 and a maximum of $528.33.
How is merchandise processing fee calculated?
How is MPF Calculated? The fee is ad valorem (according to value) and is 0.3464% of the value of the goods being imported. To calculate it you simply
multiply the value of the goods by 0.3464, then divide the result by 100
.
What is a merchandise processing fee MPF and why do I have to pay it?
What is MPF? The merchandise processing fee is
the U.S. Customs and Border Protection charge associated with most imports entering the United States, whether formal or informal entry
. It’s a user fee collected designed to help process merchandise entering into the U.S. and to monitor customs and trade compliance.
How do I pay merchandise processing fee?
The MPF is payable by the importer with the exact value being calculated during the processing of the import customs entry. Payments are made in United States Dollars and are
typically paid by bank draft, or cashier’s check and made out to the U.S. Customs and Border Protection
.
