The latest version of the tax bill introduced by the Senate over the weekend ends commercial de minimis on July 1, 2027, as the House version does. The Congressional Budget Office estimates that would increase revenues by $39 billion between 2027 and 2034.
As companies seek to accommodate changes in U.S. tariffs, they should seek to understand the terms of their intercompany agreements and transfer pricing policies to avoid potential violations, according to an energy and infrastructure lawyer with Baker McKenzie.
CBP said it will be deploying on June 28 an enhancement in the ACE production environment that will increase the number of Harmonized Tariff Schedule numbers allowed per entry summary line to 32, up from eight HTS numbers presently. The number had been expected to increase to 16, according to a CBP announcement earlier this month (see 2506130068).
House Ways and Means Committee Chairman Jason Smith, R-Mo., said he would "love" if a provision his committee authored, to end de minimis for all commercial purposes in 2027, would make it into the Senate version of what Republicans call "One Big Beautiful Bill."
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As the Commercial Customs Operations Advisory Committee voted at its June 18 quarterly meeting to pass along to CBP various recommendations offered by the subcommittees, CBP received public comments seeking clarification on whether the agency still will be processing paper payments after Sept. 30.
The Senate version of the tax bill moving through Congress cut out two trade-related provisions that passed the House -- one, which would end de minimis for all imports in July 2027, and the other, curtailing drawback for tobacco products.
CBP issued the following releases on commercial trade and related matters:
CBP issued the following releases on commercial trade and related matters:
CBP will be increasing the number of Harmonized Tariff Schedule numbers allowed per entry summary line in ACE from eight to 32, the agency said in a June 6 cargo systems message.