CBP plan for GSP expiring December 31, 2017 | KPMG | US

CBP GSP special program indicator “A” expiring December 31, 2017

CBP GSP special program expiring December 31, 2017

U.S. Customs and Border Protection (CBP) issued a release noting that, without congressional action, the Generalized System of Preferences (GSP) special program indicator (SPI) “A,” “A+” and “A*” will expire for goods entered or withdrawn from a warehouse after midnight, December 31, 2017.

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Read CSMS #17-000622 (September 29, 2017)

 

CBP’s notice states that in the event of a lapse (and until further notice), “importers are strongly encouraged to continue to flag GSP-eligible importations with the SPI ‘A’ even as they pay normal trade relations (column 1) duty rates on otherwise GSP-eligible importations.” CBP stated that importers may not file SPI “A” without duties. CBP stated that: 

  • It is working to have programming in place that, in the event that the GSP is renewed with a retroactive refund clause, and this would allow CBP to automate the duty refund process. 
  • It will continue to allow post-importation GSP claims made via post summary correction (PSC) and protest subsequent to the expiration of the GSP, for importations made while the GSP was still in effect. 
  • It will not allow post-importation GSP claims made via PSC or protest subsequent to the expiration of the GSP, for importations made subsequent to expiration.

 

For more information, contact a professional with KPMG’s Trade & Customs practice:

Douglas Zuvich | +1 (312) 665-1022 | dzuvich@kpmg.com

Andrew Siciliano | +1 (631) 425-6057 | asiciliano@kpmg.com

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