CBP Advises Trade to Continue to Flag GSP-Eligible Goods Beyond Expiration
Importers should continue to flag goods that are eligible for Generalized System of Preferences (GSP) beyond the expiration of the program on July 31, said CBP in a CSMS message. The normal duty rate should be paid for GSP goods…
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following the expiration, but continued flagging of the imports will allow CBP to process automatic duty refunds if GSP is renewed with a retroactive clause, the agency said. Importers should use the special program indicator (SPI) A or A+, it said. Both GSP and the Andean Trade Preference Act (ATPA) will expire at the end of the month unless Congress renews them. "No corresponding procedure is available" for the Andean programs. The expiration of GSP won't affect payment of the merchandise processing fee, said CBP.