90-day Postponement of Duties Approved

After an executive order made by President Trump on Saturday April 18, the Secretary of the Treasury and U.S Customs and Border Protection (CBP) began to offer deference of duties, taxes and fees for importers experiencing “significant financial hardship” due to the coronavirus disease (COVID-19). CBP has defined significant financial hardship as having operations fully or partially suspended in March or April of 2020 due the crisis, and having reported a 60% loss in gross sales comparable to the previous year. Those who qualify can apply with CBP to defer estimated duties on formal entries that occurred in March or April for 90 days.

Entries that include merchandise subject to any of the following will NOT be considered eligible for the deferral:

•   Antidumping and/or Countervailing duties

•   Duties imposed under Section 301 under the Trade Expansion Act of 1962

•   Duties imposed under Section 232 under the Trade Act of 1974

•   Duties imposed under Section 201 under the Trade Act of 1974

Note that entries containing both ineligible and eligible items may be split (pursuant to 19 CFR 141.52) and entered separately to allow for qualifying merchandise to be deferred.

To better understand if your company and products qualify for the duty deferral, please contact sales@allynintl.com and you will get in touch with a trade compliance expert.