5th Tranche of Specialty Sugar TRQ Oversubscribed at Opening Moment
U.S. Customs and Border Protection has issued a memorandum announcing that the fifth tranche for the fiscal year 2011 specialty sugar tariff rate quota that opened on August 24, 2011 oversubscribed at opening moment. The pro rata percentage is 88.51943% or 0.8851943.
Sign up for a free preview to unlock the rest of this article
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
Entries or withdrawals for consumption for specialty sugar presented after the opening should be returned to the broker for amendment. To facilitate release of shipments, HQ Quota will not allow filers to re-transmit amended entries. Filers should submit corrected CBP Form 7501s, and the ports will update the entry summary line information. It may be necessary to add lines in order to accurately reflect the amendment.
The importer has the option to distribute the prorated allocation on a given entry (i.e., more or less than the prorated amount, or none at all). The importer may also transfer the allotment to entries at another port. However, in any of these scenarios, the importer may not enter more than the total prorated amount that was properly presented at opening.
CBP states that the ports must notify CBP HQ by email by September 12, 2011, on the percentage allocations affected importers elect to take.
(See ITT's Online Archives or 10/27/10, 11/16/10, 01/31/11, and 05/31/11 news, 10102703, 10111611, 11013111, and 11053146, for BP summaries of the four previous tranches of specialty sugar TRQ for FY 2011.)
QBT-11-512 announcing the opening (dated 07/07/11, but posted 08/25/11, and not listed under "What's New") available here.
QBT-11-526 on proration, dated 08/30/11 available here.