CLIENT ALERT: 90-Day Duty Delay

90-Day Duty Postponement Available in Certain Circumstances

In response to the economic hardship experienced by companies due to the COVID-19 outbreak, Customs has announced a process to postpone duty collections for up to 90 days. This temporary action has limitations and is not available for all entries.

To be eligible, an importer must be able to show that their operation has been fully or partially suspended during the months of March and/or April due to governmental orders limiting commerce, travel or group meetings due to COVID-19. Further, the gross receipts for the importer must be down at least 60 percent from a comparable time period in 2019.

The duty postponements do not apply to entries which include merchandise subject to the following:

Anti-dumping or countervailing duties.
Products subject to Section 232 duties (steel & aluminum).
Products subject to Section 301 duties (certain items from China and EU).
Products subject to Section 201 duties (certain washing machines and solar panels).

Interest will not accrue for the postponed duty payments. The postponement will not apply to shipments which have already been filed, Customs will not adjust statement dates. Further, the postponement applies only to the scheduled payment of duty and fees and does not apply to other debts payable to Customs.

Postponements can be made to payments on either Daily or Periodic Monthly Statements (PMS). Please note that any adjustments to the April PMS must be made before midnight tonight. Please read the Customs guidelines below for more information and contact CVI if you are interested postponing your duties ASAP.

Sam McClure, LCB
Director of Compliance & Customs Services
smcclure@cvinternational.com

US CBP (CSMS #42421561) - Payment Instructions for 90-Day Postponement of Payment

US CBP (CSMS #42423171) - 90-Day Postponement of Payment

Contact CVI

Go to CVI's Exclusion Guide 2020

CVI Exclusion Guide 2020

CVI now has a free, complete guide to EVERYTHING you need to know for tariff rounds and exclusions, including:

HTS Code
Publish Dates
Exclusion provision number per set list and round
Effective & Extended Expiration Dates

The CVI Exclusion Guide 2020 provides you with a link to original USTR exclusion announcements with a breakdown of each excluded product.

Please let us know if you have any questions. We will be regularly updating this document via our website.

CVI Industry News

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This e-newsletter is intended to be used for informational purposes only. CV International undertakes every effort to ensure the accuracy of the information contained herein, but assumes no liability for any errors or omissions. Contributed articles and hyperlinks to external websites are included for information only and do not constitute endorsement of the contributor or the content.

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