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https://lgi.laufer.com/insights/chb-market-update-week-12-2022/
Submission: On April 04 via api from US — Scanned from DE
Submission: On April 04 via api from US — Scanned from DE
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MARKET LETTERS
CHB MARKET UPDATE – WEEK 12, 2022
Hot Off the Press - Exclusions are back!!
In a surprise move, the USTR issued a pre-publication notice in the Federal
Register reinstating 352 Section 301 product exclusions. These previously active
exclusions will be valid through December 31st of this year. Additionally, the
notice is to apply starting October 12, 2021, so importers with applicable
products will be able to go back retroactively and reclaim duties paid on
products which entered the US on or after October 12, 2021 – so long as these
entries are still within the Post Summary Correction (PSC) or Protest window.
PSCs and Protests are amendments to already processed entries and are the
mechanism to trigger any refunds from CBP. For importers interested in taking
advantage of retroactive refunds, it is important to act quickly, as the clock
is ticking on the timeframe for PSC and Protest eligibility. A Protest can only
be filed up to 180 days after an entry is liquidated, and a PSC can be filed on
an entry which has not yet liquidated.
I’m an Importer that previously utilized an exclusion – Am I eligible?
Importers who are interested in learning more should take the following next
steps:
* Review the full list of which exclusions have been reactivated HERE.
* Reach out to your Customs Broker or Ashley Coxey with any clarifying
questions or assistance confirming eligibility
* Work with your Customs Broker to put together a list of impacted entries back
to October 12, 2021. Prioritize the most urgent for PSC and Protest filing to
claim retroactive refunds and work backward to make the appropriate filings
* Ensure your Customs Broker has all necessary information to claim the
exclusion on all applicable entries moving forward, until the exclusions
expire again on December 31, 2022
We have a team of experts on staff who would be happy to help you navigate the
complexities of these issues. Please contact Ashley Coxey, National Director of
Business Development, Customs Brokerage or your Laufer representative for more
information on any topic discussed in this week’s market letter.
ASHLEY COXEY
National Director of Business Development
Customs Brokerage
20415 72nd Ave South
Suite 160
Kent, WA 98032
Phone: 602.463.2738
Fax: 425.656.8219
Email: Acoxey@laufer.com
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