The merchandise processing fee (MPF) collected by U.S. Customs and Border Protection has been increased from .21% to .3464%...
After months of waiting, the Generalized System of Preferences (GSP) was extended today, along with the Andean Trade...
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GSP and ATPA Have Been Extended
October 13, 2011
After months of waiting, the Generalized System of Preferences (GSP) was extended today, along with the Andean Trade Preference Act (ATPA). GSP is extended retroactively, back to December 31, 2010, and ATPA is extended retroactively back to February 12, 2011. Both are now set to expire on July 31, 2013.
The refund process for GSP is automated if you claimed GSP eligibility on the entry summary and paid the duties. If not, the process will be the same as that for the ATPA, where a refund request will need to be filed in writing via a post entry amendment, post-summary correction, or protest. If you have questions regarding your entries, you should contact your JF Moran team member.
Additionally, both the House and the Senate have approved the Columbia, Panama, and South Korea Free Trade Agrements.
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