Category: USA

CBP provides details on GSP reinstatement, refunds

Written on April 5, 2018 in USA

CBP recently updated its GSP page to reflect renewal in the last month’s omnibus spending bill. According to CBP, GSP duty-free benefits will officially “restart” on April 22. Products that claimed GSP during the lapse will be eligible for automatic refunds. CBP will begin that process shortly after April 22. Duties will be refund...

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GSP officially renewed through December 31, 2020

Written on March 23, 2018 in USA

This afternoon, President Trump signed the omnibus spending bill that includes the GSP renewal language passed by the House in February. The bill: renews GSP through December 31, 2020; refunds tariffs paid from January 1 through the reinstatement date; changes the annual review announcement date from July 1 to November 1; updates some dates related...

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