Customs entry refers to the declaration made to customs authorities regarding the nature, quantity, and value of goods being imported or exported from a country. It is a crucial document required for customs clearance. In the United States, it is also known as Entry Summary or Form 7501. This document provides detailed information to the US Customs and Border Protection (CBP) regarding the shipment, including its value, classification, and country of origin. The CBP utilizes the customs entry to assess and calculate the duties and taxes owed on the imported or exported goods. The customs entry plays a key role in ensuring compliance with customs regulations and facilitating the smooth movement of goods across international borders.