The Generalized System of Preferences (GSP) program is due to expire on December 31, 2017.
Congress will adjourn for their holiday recess on December 22nd, and the likelihood of GSP renewal grows dimmer each day.
Importers must plan to pay duty on goods subject to GSP starting January 1, 2018. Vandegrift will continue to flag entries for GSP as in the past, so that if GSP is renewed Customs can issue automatic refunds.
We will continue to keep you apprised of the renewal status. Please contact Vandegrift with any questions regarding the filing of GSP entries.