Customs bonded warehouse baseline inventory count

The Canada Border Services Agency (CBSA), on July 8th, 2024, issued Customs Notice 24-23 to provide Customs Bonded Warehouse (CBW) licensees (including operators, importers and brokers) with an outline of the expectations under the CBSA Assessment and Revenue Management System (CARM) system and further communicate new program enhancements and requirements.

The CARM platform will be used by CBW Trade Chain Partners (TCP’s) for enrolment and future accounting, as well as to submit a one-time baseline inventory count of goods in their respective warehouses prior to the implementation of CARM, scheduled for October 21, 2024. Note: All current program-based requirements and legislative obligations remain in effect.

In preparation for CARM, Customs Bonded Warehouse TCPs are required to:

  • provide their up-to-date baseline inventory count of all unreleased goods.
  • register in the CARM Client Portal (CCP).
  • keep an accurate account of all CBW movements before, during the cutover period and beyond.

Please refer to CN 24-23 for complete details,