Trade Alerts

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TRADE ALERTS

Stay up-to-date with the latest from customs and regulatory agencies!

 

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Temporary Duty-Free Treatment of Infant Formula

On July 22, 2022, President Biden signed the Formula Act, temporarily suspending duty on imports of certain infant formula products from July 22, 2022 through December 31, 2022. Duty-free treatment is limited to certain infant formula products classified under the designated United States Harmonized Tariff Schedule (HTS) numbers. The eligible infant formula products will not be

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U.S. Customs to Introduce VECS Later This Year

U.S. Customs and Border Protection (CBP) is working on a new vessel entrance and clearing system (VECS).  The new system will help CBP automate and digitize its vessel entrance and clearance process.  Vessel masters, operators, and agents will have the ability to submit certain data electronically instead of in the current paper format.  CBP will use

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Certain ACE Reports Data Universes Retiring July 7th

U.S. Customs and Border Protection continues to update the Automated Commercial Environment (ACE) Portal, creating new ACE reports and data universes to meet the needs of the Trade community.  Data universes for ACE reports including Bond and Entry Summary will be retired on July 7th.  The retirement of the In Bond data universe has been postponed

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2022 HTS Semiannual Revision Issued by ITC, May Affect Section 301

The International Trade Commission posted Revision 6 to the 2022 Harmonized Tariff Schedule (HTS).  This update adds new tariff codes for products across a variety of tariff headings including vegetables, beverages, textiles, and spirits.  Changes take effect July 1st, 2022. Some changes to the HTS may impact HTS classifications subject to Section 301 duties and exclusions. Importers

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BIS Announces Changes to Administrative Enforcement Program

The Bureau of Industry and Security announced significant policy changes to further strengthen its administrative enforcement program released on June 30. The following four policy changes will take effect immediately: Imposition of Significantly Higher Penalties Using Non-Monetary Resolutions for Less Serious Violations Elimination of “No Admit, No Deny” Settlements Dual Track Processing of Voluntary Self-Disclosure

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New 35% Duty Rate on Certain Products of Russia

On June 27, 2022, U.S. President Biden announced an increase in column 2 duties on certain products made in Russia.A duty rate of 35% ad valorem will be applied to 573 8-digit subheadings beginning July 27, 2022, using the additional HTS number 9903.90.08.A list of subheadings is on page 6 of Federal Register Document No: 2022-14145

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DUNS Number Required for Food Imports

Effective July 24, 2022, the Food and Drug Administration (FDA) will require human and animal food importers to provide a Dun & Bradstreet (D&B) Data Universal Numbering Systems(DUNS) number to FDA for importer identification.Previously, FDA allowed the use of ‘Unknown’ in lieu of a DUNS number.An entity may obtain a DUNS number from D&B free

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IRS Superfund Tax Reinstatement

Effective July 1, 2022, the Internal Revenue Service (IRS) Superfund chemical excise taxes will be reinstated with modified rates of tax and other provisions related to those taxes. The tax is authorized as part of the Infrastructure Investment and Jobs Act signed in November 2021 and set to expire on December 31, 2031.The IRS tax

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Forced Labor Import Guidance Released

U.S. Customs and Border Protection (CBP) has released importer guidance to assist the trade community in preparing for the implementation of the Uyghur Forced Labor Prevention Act (UFLPA) rebuttable presumption that goes into effect on June 21, 2022. All goods made wholly or in part in the Xinjiang Uyghur Autonomous Region (XUAR) or by entities

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