8 Scenario 3: LATE ACCOUNTING after  Once commercial goods have been imported using RPPP, Importer/Broker submits B3 after the final accounting due date.
{"Image DocumentName": "Scenario 3: LATE ACCOUNTING", "Image ImageDescription": "Once commercial goods have been imported using RPPP, Importer/Broker submits B3 after the final accounting due date. A late accounting penalty (LAP) is generated for the late transaction. (LAP cancellation or waivers may still be done as per the current process). If a cancellation is applied, a credit will appear on the client\u2019s following DN, in the form of a transaction reversal (see page 31 for an example of a transaction reversal). The SOA is generated according to B3 release date and other transactions according to issue date, which means the cancelled LAP amount will not appear since its issuance was in the previous month. This is true as long as the cancellation is made before the SOA population date (10th of the month following issuance). If the cancellation is performed after the 10th, the amount will form part of the current SOA but a credit of this same amount will be credited on the following SOA. Through the CARM initiative, the CBSA aims to address a number of problems in an. effort to improve accountability and client service and streamline processes for. Agency operations. The CBSA is committed to delivering border services in an open and. transparent manner so that the commercial importing process is more predictable. and consistent. As a result, the Agency has responded with a number of key initiatives including a three year improvement strategy. Through these initiatives, the CBSA has committed to work closely with the trade community to find ways to simplify and streamline commercial processes and programs.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}