A Periodic Monthly Statement, or PMS, is a U.S. Customs and Border Protection payment option that lets approved importers consolidate duties, taxes, and fees from multiple entries into one monthly payment. Instead of paying customs charges shipment by shipment, the importer can pay eligible entries on a single statement for the month. PMS can improve cash flow, simplify accounting, and reduce administrative work for companies that import frequently through the Automated Commercial Environment.
The Periodic Monthly Statement (PMS) is a CBP program that allows qualified importers to consolidate all formal entries filed within a calendar month and pay the accumulated duties in a single ACH payment on the 15th of the following month.
Benefits of PMS
- Consolidates multiple daily duty payments into one monthly payment
- Reduces administrative burden of daily wire transfers
- Improves importer cash flow by deferring duty payment up to 46 days
- Reduces bank transaction fees
Requirements
- Importer must apply for and be approved by CBP for PMS participation
- Continuous customs bond must be sufficient to cover accumulated monthly duty obligations
- Failure to pay on time triggers bond liability and potential program revocation
For related logistics context, see glossary entries on Customs Bond, ACH Fee, CBP, and Customs Clearance.
