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Previously from JJB
Check the latest JJB newsletters on our Industry News page.
July 2, 2015/  Volume 2015, Issue 17

 GSP Renewal Effective July 29

 

 

Dear Valued Customer:

                         

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 website here.

 

 

Keep yourself updated with the latest industry happenings, subscribe to JJB's Newsletters

Los Angeles

Kent Sunakoda

ksunakoda@jjboyle.com

(323)263-8100 ext. 327

Portland

Lisa Whiles

lwhiles@jjboyle.com

(503)284-0909 ext. 120

Seattle

Terry Pilant 

tpilant@jjboyle.com

(206)447-9580 ext. 104 

San Francisco

Connie Arimoto

carimoto@jjboyle.com

(650)871-6334 ext. 3130

        

The information accompanying this newsletter contains confidential information belonging to the sender which is legally privileged. The information is intended only for the use of customers of James J. Boyle & Co. If you are not the intended recipient, you are hereby notified that any disclosure, copying, distribution or the taking of any action in reliance on the content of this information is strictly prohibited. James J. Boyle & Co. will also not be held accountable for any discrepant information. The service we provide is based on our "Terms and Conditions of Service", which is available upon request.


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James J. Boyle & Co. | 1200 Corporate Center | Ste 350 | Monterey Park | CA | 91754