U.S. Customs and Border Protection (CBP) has issued an updated version of its frequently asked questions (FAQ) and responses on its final rule requiring, among other things, the advance electronic presentation of information for all modes of inbound transportation.
Drawback
A duty drawback is a refund by CBP of the duties, taxes, or fees paid on imported goods, which were imposed upon importation as prescribed in 19 U.S.C. 1313(d). More broadly, a drawback also includes the refund or remission of other excise taxes pursuant to other provisions of law.
On July 14, 2004, the House of Representatives passed H.R. 4418, the Customs Border Security and Trade Agencies Authorization Act of 2004.
The Treasury Department (Treasury) has published its semi-annual regulatory agenda, which contains certain U.S. Customs and Border Protection (CBP) regulatory rulemakings (rulemakings).
U.S. Customs and Border Protection (CBP) has posted a notice on its Web site announcing that the next Customs Broker License Examination will be held on Monday, October 4, 2004.
U.S. Customs and Border Protection (CBP) has issued a general notice announcing that, effective June 28, 2004, it is concluding its Paperless Drawback Prototype (prototype).
U.S. Customs and Border Protection (CBP) has posted to its Web site its Performance and Annual Report Fiscal Year 2003, which covers federal fiscal year (FY) 2003 (October 1, 2002 - September 30, 2003) with discussion of some subsequent events.
On May 14, 2004, the General Accounting Office (GAO) submitted to the Homeland Security Subcommittees of the House and Senate Appropriations Committees a report entitled "Information Technology - Early Releases of Customs Trade System Operating, but Pattern of Cost and Schedule Problems Needs to be Addressed."
The Journal of Commerce reports that the U.S. may have to drop 27% duties on Canadian lumber shipments after a NAFTA binational panel ruled that the U.S. International Trade Commission's finding that tariffs are needed because Canadian imports push down prices "is not supported by substantial evidence." According to the article, the U.S. has 21 days to redo its figures or end the duties. (JoC dated 04/30/04, www.joc.com.)
On March 4, 2004, the Senate passed its version of H.R. 1047, the "Miscellaneous Trade and Technical Corrections Act of 2003."
On March 4, 2004, the Senate passed its version of H.R. 1047, the "Miscellaneous Trade and Technical Corrections Act of 2003."