Finanse publiczne · 20.09.1996

Delayed Processing of Renewed Generalized System of Preferences Duty-Free Claims

The Generalized System of Preferences (GSP) is a renewable preferential trade program that allows the eligible products of designated developing countries to directly enter the United States free of duty. The provisions of the GSP program expired at midnight on July 31, 1995; however, the provisions were recently renewed--beginning October 1, 1996, with retroactive effect to August 1, 1995--by the GSP Renewal Act of 1996 (the 1996 Act). This document provides notice to importers that claims for duty-free treatment under the GSP will be accepted for articles entered on or after October 1, 1996, and sets forth a duty refund procedure for merchandise entered between July 31, 1995, and September 30, 1996, that became eligible for GSP treatment under the retroactive provisions of the 1996 Act. This document also advises the public that certain designated products from Pakistan, for which the U.S. Tade Representative has recommended to the President that GSP eligibility be suspended, will not be entitled to duty-free treatment if entered, or withdrawn from warehouse, for consumption on or after July 1, 1996, notwithstanding the retroactive provisions of the 1996 Act.