West Coast Port News From JOC: LA-Long Beach looking beyond peak season to greater challenges ahead All seem to be confident that LA-Long Beach will be able to handle the spike in container volume this peak season. However, there are longer-term challenges: mega ships, carrier alliances, truck turn times, and rail performances. West Coast ports have lost 5% market … [Read more...]
GSP Refund Process
GSP Refund Process Effective July 29, 2015, filers again are entitled to file GSP- eligible entry summaries without the payment of estimated duties. Duty Refunds A. Automation CBP developed a mechanism to facilitate refunds for entries submitted during the lapse period using the Special Program Indicator (SPI) for GSP (with the letter "A," "A+," or "A*") as a prefix to … [Read more...]
USITC Finalizes Determination: Antidumping & Countervailing Duties for Tire Case
USITC Finalizes Determination: Antidumping & Countervailing Duties for Tire Case What are Antidumping and Countervailing Duties? U.S. industries may petition the government for relief from imports that are sold in the United States at less than fair value ("dumped") or which benefit from subsidies provided through foreign government programs. Antidumping = Imports … [Read more...]
GSP Renewal Signed into Law
GSP Renewal Signed into Law The renewal of the Generalized System of Preferences (GSP) program was signed into law H.R. 1295 last week by the President which renews GSP and refunds tariffs paid on eligible imports. GSP should enter into effect again on July 29 – almost 2 years to the day since it expired. Now that the bill is law, Customs will issue specific instructions … [Read more...]
The Latest with ACE
The Latest with ACE ...From ACE: Information Notice for the Trade Community - ACE Deployment E U.S. Customs and Border Protection (CBP) is working to complete the development of core trade processing capabilities in the Automated Commercial Environment (ACE) and decommission corresponding capabilities in legacy systems by the end of 2016. This notice documents the new … [Read more...]