Automated Broker Interface (ABI)

Posted in Finance, Accounting and Economics Terms, Total Reads: 170
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Definition: Automated Broker Interface (ABI)

Automated Broker Interface (ABI) is a part of ACS that is available to the brokers and other participants in the system to exchange data electronically with the Customs and Border Protection Unit. This process eases the processing, reduces operational costs and reduces a lot of paper work.


ABI stands for Automated Broker Interface. Customs and Border Protection (CBP) uses an ACS (Automated Commercial System) to track and process all commercial goods that are imported in the United States.


It is not a mandatory program and is used by carriers, brokers, importers and port authorities etc. Currently, major share of the filings (around 96%) come through ABI. It increases the processing speed and helps the easy release of merchandise for the importers. Entry summaries are generated, transmitted, validated and approved and then could pay the charges online. ABI allows the participants to make queries for exporter information, manufacturer information, visa requirements, duties and taxes etc. ABI filers can also go one step further and pay all the custom duties and taxes through Automated Clearing House (ACH).

 

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