As an importer, am I obligated to amend an error on a Customs accounting document? Is there a certain dollar cut-off figure?
Under Section 32.2 of the Customs Act, importers are required to make self-adjustments or corrections to accounting documents when they have reason to believe that information on the accounting document relating to tariff classification, origin, or value for duty is in error, regardless of the amount underpaid. Further corrections should be submitted even if the change is revenue neutral.
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