Underlying entry summary: A consumption entry summary flagged for reconciliation.

Flagging an entry for reconciliation: Identifying to Customs that an entry summary is subject to reconciliation for a defined issue(s). There are two ways an importer can flag an entry summary for reconciliation:

1. Entry-by-entry flagging: The importer electronically via ABI inputs an indicator on all entries which are subject to reconciliation. This indicator identifies the issue(s) subject to reconciliation.
2. Blanket application: Prior to filing entries subject to reconciliation, the importer provides Customs a letter which contains the importer of record number, the time period in which entries are subject to reconciliation, and the issue(s) subject to reconciliation. Customs will input an electronic indicator on ALL entries for that importer for that time period, which will identify them as being subject to reconciliation for the issue(s) indicated.

Entry-By-Entry Reconciliation: A Reconciliation in which the revenue adjustment is specifically provided for each affected entry summary.

Aggregate Reconciliation: A Reconciliation filed with summarized data showing reconciled adjustments at an aggregate level. A list of the affected entries is required, but the revenue change need not be broken out according to individual underlying entries. Aggregate Reconciliations may be used only where the importer is not claiming a refund of duties, taxes, and fees. Also, refunds may not be netted against monies due. Drawback is not available on the increased

Netting: Situations in which increases AND decreases resulted at the end of the reconciliation period. In any netting situation, the importer has the following options:

• File an Entry-By-Entry Reconciliation to account for both the increases and decreases, or
• Divide the Reconciliation into two pieces: An Aggregate Reconciliation for the increase and an Entry-By-Entry Reconciliation for the decrease.