December 28, 2017
Generalized System of Preferences (GSP) Due to Expire December 31, 2017
The United States Congress adjourned on December 18, 2017 without extending the Generalized System of Preferences (GSP) trade program, which expires at midnight December 31. In anticipation of this, U.S. Customs and Border Protection (CBP) issued CSMS #17-000622 on September 29, 2017, advising special procedures be used for GSP eligible goods.
CBP is encouraging filers to continue to flag such importations with Special Program Indicator (SPI) “A” while still paying normal trade relations duty rates otherwise GSP-eligible importations. CBP is working to have programming in place that, in the event GSP is renewed with a retroactive refund clause, will allow CBP to automate the duty refund process for entries submitted with the SPI “A” with normal trade relations rates of duty paid.
CBP will continue to allow post-importation GSP claims made via post summary correction (PSC) and protest (19 U.S.C. §1514, 19 C.F.R. § 174) subsequent to the expiration of GSP for importations made while GSP was still in effect. CBP will not allow post-importation GSP claims made via PSC or protest subsequent to the expiration of GSP for importations made subsequent to expiration.
For more information, please contact your local FedEx Trade Networks Transport & Brokerage office. For a complete list of office locations, go to ftn.fedex.com/us/locations.
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