On June 29, 2015, the
President signed the Trade Preferences Extension
Act of 2015. Title II of the Act authorizes
GSP through December 31, 2017 and makes GSP
retroactive to July 31, 2013.
According to an announcement
by the Office of the United States Trade
Representative, as provided in the Act, duty-free
treatment of GSP-eligible imports will become
effective 30 days after enactment (July 29,
2015). More details of the USTR's
announcement can be found here.
As the GSP program
was renewed retroactively, CBP will reimburse U.S.
importers for tariffs paid on eligible products
during the gap period.
Importers should be advised
that duties collected may take up to 90 days after
liquidation or reliquidation of entries to process
and refund retroactively.
In July 2015, CBP will be
issuing a notice in the Federal Register providing
further guidance on the renewal and how to obtain
a refund. (For more general information on
customs procedures, please reference the CBP
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