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Internal transaction number

B2B
Tobacco and Tobacco Substitutes
From United States of America
To India
108 views / 0 experts
Munmun S.
Not rated
May 13, 2020
What is the importance of an internal transaction number for exporters?

1 answer

Andrea T.
Not rated
May 13, 2020
Your ITN plays three important roles in the export process. Firstly, your Automated Export System ITN number is proof that you or your agent has filed the electronic export information(EEI) as required by the Foreign Trade Regulations (FTR). Keep in mind that the simple act of filing isn’t enough. Filing incorrect information can lead to civil and criminal penalties. Also it can help you verify the accuracy of filing in a routed export transaction. In a routed export transaction, the ITN allows you to make sure the information filled out on your behalf was accurate. While I’d suggest not letting anyone else file through Automated Export System (AES) on your behalf, if you do, you should at least be monitoring each transaction and making sure the freight forwarders you work with are completing the documentation correctly. Finally, the Internal Transaction Number must appear on certain documents. Without it, your shipments may be held up in customs or by your carrier and/or your freight forwarder.
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