GSP to Be Renewed Retroactively

On June 25, 2015, Congress approved H.R. 1295–The Trade Preferences Extension Act of 2015 (the “Act”). The President (POTUS) signed the Trade Preferences Act of 2015, renewing GSP and other preference programs which expired July 31st, 2013. As of July 29, 2015, eligible goods entered or withdrawn for Consumption (meaning Customs Entry) are duty free using GSP indicator “A”.

We are currently waiting for clarification on how the duty refunds will be processed. We don’t yet know if the duty refunds will be processed automatically or if importers will be required to file a refund “request” with CBP. We anticipate that Customs will issue a directive establishing guidelines for receiving refunds.

DJS cannot claim GSP without proper documentation, or a statement on or attached to the Commercial Invoice(s). If you are not certain of how it should read, see below example:
“THE MERCHANDISE DESCRIBED ON THIS INVOICE IS WHOLLY THE GROWN, PRODUCT, OR MANUFACTURE OF (COUNTRY)”