Current CBMA Procedures Should Be Used for Claims on Entries With 2020 Import Date, CBP Says
The current Craft Beverage Modernization and Tax Reform Act procedures should continue to be used for any CBMA claims with a date of import in 2020, CBP said in a CSMS message. The CBMA was recently extended to last through…
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2020 (see 1912170067). “Under the CBMA, reduced tax rates and/or tax credits are applicable to importations of certain limited quantities of distilled spirits, beer or wine imported from each assigning entity,” CBP said.