Define: ACIS

ACIS
ACIS
What is the dictionary definition of ACIS?
Dictionary Definition of ACIS

Acis (noun): In Greek mythology, a Sicilian shepherd who was loved by the sea nymph Galatea. He was ultimately killed by the jealous cyclops Polyphemus. Acis is often associated with love, beauty, and tragedy in literature and art.

Full Definition Of ACIS

ACIS stands for Automated Commercial Information System. It is an electronic system used by the United States Customs and Border Protection (CBP) to collect, process, and analyse data related to imports and exports. ACIS serves as a central repository for trade-related information, including entry summaries, invoices, bills of lading, and other relevant documents.

The system allows importers, exporters, and customs brokers to electronically submit required information and documentation for customs clearance. ACIS facilitates the efficient and accurate processing of trade transactions, ensuring compliance with customs laws and regulations. It also enables CBP to assess duties, taxes, and fees, as well as enforce trade laws and protect national security.

ACIS provides various functionalities, such as electronic filing, data validation, risk assessment, and reporting capabilities. It helps streamline the import/export process, reduce paperwork, and enhance transparency and accountability in international trade. The system is accessible to authorized users, including government agencies, trade partners, and stakeholders involved in the movement of goods across U.S. borders.

In summary, ACIS is a vital tool for managing and monitoring trade activities, ensuring compliance with customs regulations, and facilitating the efficient flow of goods in and out of the United States.

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This glossary post was last updated: 30th April 2024.

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