Guide: How to Participate in Periodic Monthly Statements (PMS)

• Increased Flexibility: Deferred payment until the 15th working day of the following month after customs clearance.
• Simplified Payments: All duties and taxes are consolidated into a single monthly statement.
• Optimized Cash Flow Management: Helps to predict and manage financial resources.
• ACE Reports: Detailed monthly activity tracking through the Automated Commercial Environment (ACE) system.

1. Continuous Bond:
   Participants must have a valid customs bond to cover all potential obligations.
   
   
2. Enrollment in ACH (Automated Clearinghouse):
   You must already be enrolled in the ACH Debit or Credit program, as PMS requires an electronic payment system.
   
   
3. Having an active ACE account:
   To learn more about the ACE account, refer to our ACE Account Registration Guide.
   
   
4. Eligible Entry Types:
   Most customs entries are eligible, except for specific cases such as:
   • Duty Deferrals (Entry Type 08).
   • Reconciliations (Entry Type 09).
   • Entries with specific IRS tax codes.

Step 1: Prepare Documents

Complete the CBP Form 5106 to activate your PMS account.
Indicate manually on top of the form: Periodic Monthly Activation

Here are the details about the sections you have to fill (you can leave the other ones empty):
Before Section 1, select “Notification of Identification Number ” as the “Type of Action”

• Section 1: Name and identification number
  • 1A: Importer/Business/Private Party Name
  • 1B: Under “Number Type”, select one of the following options:
    • Select “IRS Employer Identification Number (EIN)” if you have a US company
    • Select “Social Security Number” if your company is owned and operated by a single individual
    • Select “CBP – Assigned Number” if you have a foreign company
  • 1G: Select the type of your company
  • 1I: select “Importer of Record”

• Section 2: Address Information
  • 2A: Mailing Address
  • 2B: Physical Location Address
  • 2C: Phone Number

• Section 3 : Company Information
  • Please fill all subsections that could apply to your situation

• Section 4: Certification
  • Please fill all subsections

Step 2: Submit Your Request

Send your completed form by Email to: periodicstatement@cbp.dhs.gov and Cc the account manager email address and usb@axxesintl.com 

1. 1. Subject: Activation request + Your IR Number + Your IR Name
      (IR Number: IRS or CBP assigned number) & (IR Name: Importer of Record)
   2. Body: Please include:
      • Provide the ACE ID of the primary account
      • IR number (IRS or CBP assigned number)
      • IR name (Importer of Record)
        
        

Step 3: Verification and Activation

Once your request is processed, CBP will activate your PMS account and provide detailed instructions.

To verify if your account is activated for PMS, refer to page 3 of this document for the steps to follow.

• View Current Statements:
  Log in to the ACE portal to see your monthly statements in real time.

• Plan Payments:
  Duties and taxes must be paid by the 15th working day of the following month.

• Financial Forecasting:
  Use ACE reports or request monthly forecasts from your broker to ensure sufficient funds are available.

• Monitor Your Statements:
  Ensure all entry summaries are included and correctly reported.

• Bank Limits:
  Check that your bank allows the required withdrawals to avoid delays.

• Active Communication:
  If issues arise, immediately contact your broker or CBP.

• CBP Revenue Division: For questions related to statements or payments.
• ACE Portal: To track statements and manage payments.