Finanse publiczne · 9/23/1994

Procedures if the Generalized System of Preferences Program Expires

The Generalized System of Preferences (GSP) is a preferential trade program that allows the products of many developing countries to enter the United States duty free. The GSP is currently scheduled to expire at midnight on September 30, 1994, unless its provisions are extended by Congress. This document provides notice to importers that claims for duty-free treatment under the GSP may not be made for merchandise entered or withdrawn from a warehouse on or after October 1, 1994, if the program is not extended before that date. The document also sets forth a Customs mechanism to facilitate refunds, if the GSP is renewed retroactively.