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Customs & Logistics

Customs & Logistics News Story

Pertains to U.S.
Published in April 13, 2018 issue

General System of Preferences (GSP) to be Renewed April 22 and Retroactive

On Friday, March 23, the President signed into law H.R. 1625, the “Consolidated Appropriations Act, 2018,” which in addition to providing full-year federal appropriations through September 30, 2018, extended GSP with retroactivity, from January 1, 2018, through December 31, 2020. The effective date of the Act is April 22, at which time U.S. Customs system will be updated to obviate the duty payment. Shortly after April 22, U.S. Customs will begin refunding GSP duties without interest. U.S. Customs Notice: https://www.cbp.gov/trade/priority-issues/trade-agreements/special-trade-legislation/generalized-system-preferences

This document is CONFIDENTIAL and contains PROPRIETARY information. It is solely for the use of the recipient.  Any further review, disclosure, copying, dissemination, distribution, or use of any of the information contained in this document is strictly prohibited.  The recipient shall be liable for damages resulting from any disclosure of this information to any third party. ©2018 Trans American Companies.

Filed Under: Newsletter Story

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