CBP issued the following release 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.
CBP issued the following releases on commercial trade and related matters:
CBP issued the following release on commercial trade and related matters:
Correction: Section 301 duties on products from China that are set to begin July 6 will be eligible for drawback (see 1807030033), CBP said in a CSMS message.
Drawback will be available on entries subject to 25 percent Section 301 tariffs set to take effect July 6 on products from China, CBP said in updated guidance on the new tariffs. CBP also said that, when submitting an entry in which a heading or subheading in Chapter 98 is claimed on merchandise covered by the Section 301 tariffs, filers must first report subheading 9903.88.01 (the Chapter 99 subheading for the duties), followed by the applicable Chapter 98 subheading and the normal Chapter 1-97 classification. USTR released its final list of tariff subheadings covered by the tariffs on June 15 (see 1806150003).
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Correction: Section 301 duties on products from China that are set to begin July 6 will be eligible for drawback, CBP said in a CSMS message.
Canada imposed tariffs July 1 on products from the U.S. in retaliation for Section 232 duties on steel and aluminum products that took effect one month earlier. Tariffs begin at 10 percent and 25 percent on products found in Canada’s final list of tariff subheadings, which has some changes from an initial list released for public comment May 31 (see 1806010022), “and will remain in place until the U.S. eliminates trade-restrictive measures against Canadian steel and aluminum products,” Canada said. “The countermeasures will not apply to U.S. goods that are in transit to Canada on the day on which these countermeasures come into force,” it said.
CBP issued the following releases on commercial trade and related matters:
The Court of International Trade may force CBP to issue proposed drawback regulations if the agency doesn't do so on its own soon, CIT Judge Jane Restani said in a June 29 ruling. The decision is part of a lawsuit brought against CBP that said the government is improperly not processing requests for accelerated payment on Trade Facilitation and Trade Enforcement Act drawback claims (see 1803260048). While the court declined to issue a preliminary injunction that would have forced CBP to allow for accelerated payment under TFTEA drawback, CIT said it may set its own deadline for the TFTEA drawback rules. "It should soon be apparent whether regulations are forthcoming," the court said.