CBP issued the following releases on commercial trade and related matters:
CBP is currently considering deregulatory efforts that include revenue modernization, updating the customs regulations to account for e-bond functionality in ACE, free-trade zone modernization and bonded warehouse modernization, it said in a document released ahead of the Commercial Customs Operations Advisory Committee meeting previously scheduled for Dec. 5. Other deregulatory efforts will focus on the liquidation process and updating regulations for ACE functionality, CBP said.
CBP issued the following releases on commercial trade and related matters:
Importers may now claim a lower $1.07 excise tax rate for wines with more than 14 percent, but not more than 16 percent, alcohol by volume, CBP said in a CSMS message. The agency has updated ACE to reflect the new rate, which also applies to some effervescent low alcohol by volume wines and effervescent meads, as set by the Craft Beverage Modernization and Tax Reform Act of 2017 (CBMA). The rate had previously been $1.57 per gallon. Importers claiming the lower rate should not use the CBMA entry summary line level flag available in ACE. That flag only applies to situations wherein the importer is claiming tax credits pursuant to foreign producer assignments (see 1810200001). On the other hand, the flag should be used if the importer is claiming both the $1.07 tax rate and a tax credit.
CBP issued the following release on commercial trade and related matters:
CBP issued the following releases on commercial trade and related matters:
CBP issued the following releases on commercial trade and related matters:
The Port of Laredo should not have rejected a claim for preferential treatment under NAFTA based on the use of the Document Image System, CBP said in the Sept. 14 ruling HQ H300353. The 1520(d) NAFTA preference claim -- also known as a 520(d) claim -- was filed by BASF Corporation in 2017, but the port rejected the claim because CBP stopped accepting DIS in support of protest submissions filed through ACE. BASF filed an application for further review of protest and noted CBP had not provided information on the requirements specifically for post-import NAFTA claims.
CBP issued the following releases on commercial trade and related matters:
CBP issued the following releases on commercial trade and related matters: