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2018,” was signed into law which reauthorized the Generalized System of Preferences (GSP) program for goods entered or withdrawn from warehouse, for consumption, from January 1, 2018 through December 31, 2020.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,…
Tag: Retroactive
U.S. Customs Announces Resumption of Duty Free GSP Claims and Retroactive Refund Process
In a Federal Register Notice (FR Document: 2018-08411) dated April 20, 2018 U.S. Customs has provided notice that as of April 22, 2018 importers may resume filing GSP-eligible entry summaries without the payment of duties. President Trump signed the Consolidated Appropriations Act, on March 23, 2018 which renewed the GSP program through December 31, 2020…