Plans for deploying the drawback simplification changes in ACE remain an open question due to uncertain funding sources, a CBP spokeswoman said. Those simplification changes were part of the Trade Facilitation and Trade Enforcement Act (TFTEA) and regulations are expected to be in place as required by Feb. 24, 2018, but it's unclear how those changes in ACE would be paid for (see 1705090022). "The development of proposed regulations to implement the TFTEA drawback program is well underway," the spokeswoman said. "Given that development and deployment of Drawback Simplification in ACE per TFTEA, in February 2018, is an unfunded mandate, CBP continues to assess the path forward."
International Trade Today is providing readers with some of the top stories for May 8-12 in case they were missed.
CBP issued the following release on commercial trade and related matters:
CBP issued the following releases on commercial trade and related matters:
International Trade Today is providing a summary of information contained in the Food and Drug Administration’s Foreign Supplier Verification Program final rule and other FDA fact sheets and guidance on the definition of the “FSVP importer” that must comply with the regulations and be identified on entry documentation. Beginning on May 30, 2017, the first of FSVP’s staggered compliance dates (see 1602120038), FSVP importers must begin conducting the activities required by the rule if their supplier:
CBP issued the following release on commercial trade and related matters:
Expected reviews of U.S. free trade agreements may offer a "once in a generation" opportunity to fix some restrictions on drawback, said David Corn, vice president of Comstock and Holt, during a recent interview. While changes to the restrictions in NAFTA are a priority, there's also some hope that similar restrictions in the U.S.-Chile Free Trade Agreement could also be revised, he said. A group calling itself the Duty Drawback Coalition, which Corn is involved in, submitted comments to the Commerce Department noting the problems created by the NAFTA drawback restrictions (see 1704170025).
The Food and Drug Administration on May 10 posted to its website additional guidance (here) on entry filing for food imports after the first compliance date for the Foreign Supplier Verification Program regulations of May 30. As detailed by CBP in a recent CSMS message (see 1705030047), the guidance says FDA will temporarily allow filers to submit “UNK” (unknown) for the FSVP importer unique facility identifier if the FSVP importer has not yet obtained a DUNS number.
CBP issued the following releases on commercial trade and related matters:
International Trade Today is providing readers with some of the top stories for May 1-5 in case they were missed.