CBP issued the following releases on commercial trade and related matters:
Drawback
A duty drawback is a refund by CBP of the duties, taxes, or fees paid on imported goods, which were imposed upon importation. More broadly, a drawback also includes the refund or remission of other excise taxes pursuant to other provisions of law. CBP's duty drawback scheme under the Customs Act of 1962 allows exporters to receive a refund on customs duties they paid on imported products that are then used or incorporated into other products for export or remain unused until importation.
Once accelerated payment for USMCA drawback claims becomes available Aug. 20 (see 2408050055), users requesting it for eligible unliquidated claims currently on file with CBP must contact the filing office directly and request the claim be returned to trade control, CBP said in an Aug. 8 CSMS update. The claimant will be required to resubmit the claim with the AP request, CBP said.
The following lawsuits were filed at the Court of International Trade during the week of July 29 - Aug. 4:
CBP plans to add a new ACE functionality that will automate the removal and restoration of Entry Type 86 test participants, it said in the latest version of its ACE development schedule, released Aug. 5.
Trade associations are generally pleased with the trade facilitation discussion draft issued in the Senate last week (see 2407310037), though they all noted that moving to a true one-U.S.-government data submission and release regime requires money, which may not follow, even if the bill becomes law.
A bipartisan pair of senators fleshed out a trade facilitation framework released in early June (see 2406100015) with legislative text that authorizes spending to create a true single window and modernize ACE, as well as details of how duty drawback could change.
International Trade Today is providing readers with the top stories from last week in case they were missed. All articles can be found by searching on the titles or by clicking on the hyperlinked reference number.
Accelerated payment (AP) will become available for all USMCA drawback claims late next month, according to a July 26 CBP CSMS message. The agency will issue a confirmation after the required programming is deployed in ACE, CBP said.
The following lawsuits were filed at the Court of International Trade during the weeks of July 8-14 and 15-21:
CBP issued the following releases on commercial trade and related matters: