Define: Automated Commercial Environment

Automated Commercial Environment
Automated Commercial Environment
What is the dictionary definition of Automated Commercial Environment?
Dictionary Definition of Automated Commercial Environment

Automated Commercial Environment (ACE) is a U.S. Customs and Border Protection (CBP) system that facilitates the electronic submission of import and export data, as well as the processing of trade-related documents and payments. It allows businesses to streamline and automate their customs clearance processes, improve compliance with trade regulations, and enhance the efficiency of international trade transactions. ACE helps to modernize and simplify the import and export process, reducing paperwork and expediting the movement of goods across borders.

Full Definition Of Automated Commercial Environment

Automated Commercial Environment (ACE) is a web-based portal developed by the U.S. Customs and Border Protection (CBP) to facilitate the submission and processing of import and export data. It serves as a centralized platform for businesses and government agencies to exchange information related to international trade.

ACE allows importers, exporters, and their authorized representatives to electronically file various documents, such as entry summaries, invoices, and manifests, with CBP. It also enables users to track the status of their submissions, receive notifications, and access reports and data analytics.

The system aims to streamline and automate the customs clearance process, enhance data accuracy, and improve overall efficiency in international trade operations. It provides a secure and standardized platform for data exchange, reducing paperwork and manual processing.

ACE is mandatory for certain trade-related activities, such as filing electronic entries and receiving electronic responses from CBP. It is designed to comply with various trade regulations and requirements, including those related to customs, security, and trade facilitation.

Overall, ACE plays a crucial role in modernizing and digitizing the customs clearance process, promoting transparency, and facilitating trade between the United States and its international partners.

Related Phrases
No related content found.
Disclaimer

This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.

This glossary post was last updated: 29th March 2024.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

  • Page URL:https://dlssolicitors.com/define/automated-commercial-environment/
  • Modern Language Association (MLA):Automated Commercial Environment. dlssolicitors.com. DLS Solicitors. May 09 2024 https://dlssolicitors.com/define/automated-commercial-environment/.
  • Chicago Manual of Style (CMS):Automated Commercial Environment. dlssolicitors.com. DLS Solicitors. https://dlssolicitors.com/define/automated-commercial-environment/ (accessed: May 09 2024).
  • American Psychological Association (APA):Automated Commercial Environment. dlssolicitors.com. Retrieved May 09 2024, from dlssolicitors.com website: https://dlssolicitors.com/define/automated-commercial-environment/
Avatar of DLS Solicitors
DLS Solicitors : Divorce Solicitors

Our team of professionals are based in Alderley Edge, Cheshire. We offer clear, specialist legal advice in all matters relating to Family Law, Wills, Trusts, Probate, Lasting Power of Attorney and Court of Protection.

All author posts