U.S. Customs and Border Protection (CBP) and the U.S. Treasury Department today jointly released for publication in the Federal Register an interim final rule that amends regulations to reflect an increase to the duty-free value of certain imported articles to $800, up from $200.
The interim final rule [PDF 229 KB] reflects changes made by legislation enacted in early 2016 to the Tariff Act of 1930—changes that authorized CBP to provide an administrative exception to admit, free from duty and tax, certain shipments of merchandise imported by one person on one day and having an aggregate fair retail value in the country of shipment of not less than $200. The 2016 legislation increased the value of this administrative exception from $200 to $800.
Comments are requested, and are due by a date that is 30 days after publication of the interim final rule in the Federal Register on Friday, August 26, 2016.
For more information, contact a professional with KPMG’s Trade & Customs practice:
Douglas Zuvich | +1 (312) 665-1022 | email@example.com
Andrew Siciliano | +1 (631) 425-6057 | firstname.lastname@example.org
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