On Friday, March 23, 2018, the “Consolidated Appropriations Act, 2018,” was signed into law which reauthorized the Generalized System of Preferences (GSP) program for goods entered or withdrawn from warehouse, for consumption, from January 1, 2018 through December 31, 2020.
The new law, effective April 22, 2018, provided for the retroactive refund of all duties, without interest; to the importer of record (IOR) of GSP-eligible goods entered during the January 1, 2018 through April 21, 2018 lapse period.
To facilitate the refund of any retroactive GSP duties, U.S. Customs and Border Protection (CBP) is making refunds available through the following phases:
Phase I – CBP has completed the auto refund processing of importations entered during the lapse with special program indicator (SPI) “A” and checks are forthcoming.
Phase II – CBP will begin processing shortly the manual refunds of importations entered during the lapse with the SPI “A” that may be subject to additional review (i.e., AD/CVD, 232 remedy, reconciliation, etc.)
Phase III – Importers wishing to claim GSP preference on importations entered during the lapse period without the SPI “A” must input a Post Summary Correction (PSC) or protest (CBP will accept a protest) to the corresponding Port team or Center of Excellence and Expertise team requesting the GSP refund no later than September 19, 2018.
Please contact your local Delmar International representative or our North American Customs Advisory Group for additional information and assistance.