CBP Seattle Reminds Trade to Continue to Flag GSP-Eligible Goods Despite Expiration
Importers should continue to flag goods that are eligible for Generalized System of Preferences (GSP) despite the expiration of the program on July 31, said CBP Seattle in a trade information notice. The normal duty rate should be paid for GSP goods 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. The expiration of GSP won't affect payment of the merchandise processing fee, said CBP.
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The notice also clarified filing for goods eligible for preference under the African Growth and Opportunity Act (AGOA). Such goods may continue to receive preference on items with SPI A, A+ or D. To get AGOA preference on items with an SPI A or A+ "and thus no 'D'," the importer should file the entry summary with SPI A but without duty, said the notice.
Email ITTNews@warren-news.com for a copy of the notice.