Adjustments Flashcards
(30 cards)
Prior to CARM, what form was used for adjustments after duties and taxes had been paid?
B2
What are the two options to amend an error on a CAD?
A correction or an adjustment
How long do importers or TCPs have to correct a CAD after it has been submitted and accepted?
Until 11:59 PM ET on the payment due date
Are changes made within the correction period voluntary and interest free?
Yes
True or False: Only importers enrolled in the Release Prior to Payment (RPP) program are eligible to make corrections.
True
Where can corrections and adjustments submitted by the importer or their authorized representative be applied to?
Declaration, invoice, and commodity-level fields
True or False: Each change for both corrections and adjustments must also include a Reason Code and may also have supporting remarks.
True
Where can you find a list of reason codes?
Appendix A of Memorandum D17-2-1
True or False: If the correction results in a reduction of the amount owed to CBSA, supporting documentation must be submitted.
True
For all other corrections, supporting documentation is not required at the time of submission, but it may be requested by CBSA.
Where can corrections be submitted?
CCP, EDI, or API
Any requested supporting documents can only be attached through the CCP
What happens if the correction is accepted?
The submitting party will receive a message detailing the outcome of the correction process, including the updated duties and taxes calculation - the correction will also be reflected on the importer’s DN and SOA
What happens if a correction is submitted after the SOA has been issued?
The corrected amounts will not appear on that SOA, but the updated amounts will be due in the current billing cycle
When are adjustments submitted?
After the CAD has been submitted and accepted and after the payment due date
Where can Adjustments be submitted?
CCP, EDI, or API
What is the main difference in submission time for corrections and adjustments?
Corrections can be done until midnight on the payment due date
Adjustments are done anytime after the payment due date
True or False: Changes made during the adjustment period may be subject to interest and review by a CBSA officer.
True
True or False: The CARM system uses version management when processing adjustments, creating a single accounting declaration record with multiple versions.
True
How many reason codes may be provided for adjustments?
Up to three
What should issues involving SIMA be submitted as?
A request for re-determination via the CCP
Is supporting documentation is required for all changes resulting in refunds during the adjustment period?
Yes, must be uploaded to the CCP
If supporting documentation is not submitted, the adjustment request will be rejected by the CBSA and legislative time limits will not be protected.
What do changes to the CAD transaction number, release office, or the release date require?
A CAD withdraw request, and the resubmission of a new CAD
After reviewing the request and any required documentation, the CBSA officer will do the following:
Accept, reject, or deny the adjustment request
What happens if an adjustment is rejected?
A new CAD version will be created to replicate the version on file before the adjustment request
For example, if an adjustment is made to CAD version 1 and rejected, CAD version 2 (the adjustment request) will show as “rejected,” and CAD version 3 will be created, mirroring the original CAD version 1, and will be marked as “approved.”
What happens if an adjustment is denied?
The version submitted by the TCP will be marked as “rejected,” and a new version will be created and marked as “approved”
The SoAdj will show the reason code to distinguish between rejections and denials
