CBP issued the following releases on commercial trade and related matters:
Accelerated payment for processing of drawback claims under new Trade Facilitation and Trade Enforcement Act drawback procedures will be allowed by CBP after the effective date of final regulations, a CBP spokesman said. The agency "is on track to deliver TFTEA drawback in ACE on February 24, 2018 as scheduled," he said. "In the absence of a final rule, CBP will not be granting accelerated payments for TFTEA drawback claims. Once the final rule is effective, accelerated payment will be granted and TFTEA drawback claims will be processed." The absence of accelerated payments means that the initial drawback claim liquidations could take up to a year (see 1801250034).
CBP issued the following releases on commercial trade and related matters:
CBP updated its ACE Entry Summary Business Process document, the agency said in a Jan. 24 CSMS message. The newest version includes "significant revisions" to the section on foreign-trade zones and a new subsection "that provides guidance on weekly FTZ (06) entries," CBP said.
CBP issued the following releases 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:
CBP issued the following releases on commercial trade and related matters:
CBP announced the availability for testing of several specific types of “dummy” entry summaries in the ACE certification environment for new drawback procedures under the Trade Facilitation and Trade Enforcement Act of 2015, in a Jan. 18 CSMS message. The entry summaries, prepared by members of the trade community, “should be used as the underlying imports on your drawback claim,” CBP said. “These entries have been loaded in addition to the original entry submitted to the certification environment.” Entry types covered by the dummy summaries include “air certification,” “bed-in-a-bag,” “compound duty,” “generic for unused or manufacturing,” “petroleum derivatives,” “Puerto Rico,” “sought element” and “vessel.” “Each filer will initially be given a maximum of 25 entries for use for a specific entry type requested,” CBP said.
CBP is currently awaiting guidance from the Alcohol and Tobacco Tax and Trade Bureau (TTB) before it can implement recent excise tax cuts for beer, wine and distilled spirits that took effect Jan. 1, CBP officials said on their biweekly ACE call Jan. 18. CBP still hasn’t made any updates to tax rates in the Automated Broker Interface to reflect the changes, enacted as part of broader tax legislation at the end of 2017 (see 1712220024).