Regulacje i polityka gospodarcza · 04/12/1998

Renewal of the Generalized System of Preferences

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 GSP program expired on June 30, 1998, but has been renewed, effective October 21, 1998, with retroactive effect to July 1, 1998, by a provision in the Omnibus Consolidated and Emergency Supplemental Appropriations Act, 1999, Pub. L. 105-277. This document provides notice to importers that Customs will begin processing refunds on all duties paid, with interest from the date the duties were deposited, on GSP-eligible merchandise that was entered on July 1, 1998, through October 20, 1998, and that Customs will accept claims for GSP duty-free treatment for merchandise entered, or withdrawn from a warehouse, for consumption on or after October 21, 1998, through June 30, 1999, the provision's current sunset date.