For clarification: Per CSMS#19-000236
“Effective with respect to goods (i) entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01 a.m. eastern daylight time on May 10, 2019, and (ii) exported to the United States on or after May 10, 2019…”. For goods meeting both qualifications, the trade-remedy tariff will increase from 10% to 25%.
Thus, for subject goods entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01 a.m. eastern standard time on May 10, 2019, and exported to the United States before May 10, 2019, the 10 percent duty rate will still apply. CBP is working with USTR on additional guidance on the entry filing requirements for these imports.
In the meantime, for goods entered on or after May 10, 2019, importers can pay the 25 percent duty and file a Post Summary Correction when filing instructions are available for the 10 percent duty. Alternatively, importers can delay filing their entry summary within the standard ten-day entry summary filing period until additional filing instructions are available for the 10 percent duty.
To read the full CSMS:
We will continue to monitor and keep you all posted.
Additional Tariff Rate of 10% to be Increased to 25% on May 10, 2019
Additional tariff rates for Chinese origin products on List#3 are expected to increase from 10% to 25% according to the announcement made by U.S. Trade Representative Robert Lightizer. A Federal Register Notice draft has already been released and will be published for an effective date of May 10, 2019.
According to the draft notice, USTR will soon publish a process by which companies may request that their products be excluded from List 3.
Goods entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01AM Eastern Standard Time (9:01PM PDT) on Friday, May 10, 2019 will be subject to the additonal tariff rate of 25% in replacement of the additional 10% tariff.
According to the draft notice, It is unclear if products already en route from China ( exported on or before May 10) will be subjected to a higher duty rate.
We will continue to monitor and keep you all posted once the final Federal Register Notice has been published..
To read the draft Federal Register Notice:
We understand how these additional tariffs may significantly affect you and your cashflow, you might want to apply for ACH to Customs for payments of your duties in order to streamline your accounting process.
Some of the benefits include:
- Payment of duties and fees on a monthly basis (PMS);
- Ability to pay duties for goods that are released during a given month as late as the 15th working day of the following month, providing additional flexibility in the management of the working capital as well as potentially significant cash flow advantages;
- Ability to pay designated entry summaries for a given month on one statement;
- And more…
If you are interested, please send an e-mail to: firstname.lastname@example.org
To learn more: