Wednesday, July 29, 2020
Notice of Adjustment of the Merchandise Processing Fee Effective October 1, 2020
The Consolidated Omnibus Budget Reconciliation Act (COBRA) for fiscal year 2021 will adjust and increase various user fees. Of particular note is the increase in the Merchandise Processing Fee (MPF).
The increase in MPF is reflected below:
Minimum - $27.23 up from $26.79
Maximum - $528.33 up from $519.76
Informal - $2.18 up from $2.14
The rate of 0.3464% remains unchanged.
The Federal Register Notice published Wednesday, July 29, 2020 states the adjusted amounts of customs COBRA user fees and their corresponding limitations set forth in this notice for Fiscal Year 2021 are required as of October 1, 2020.
The increase in MPF is reflected below:
Minimum - $27.23 up from $26.79
Maximum - $528.33 up from $519.76
Informal - $2.18 up from $2.14
The rate of 0.3464% remains unchanged.
The Federal Register Notice published Wednesday, July 29, 2020 states the adjusted amounts of customs COBRA user fees and their corresponding limitations set forth in this notice for Fiscal Year 2021 are required as of October 1, 2020.