GSP Renewal Effective Date

On Friday, March 23, 2018, the President signed into law H.R. 1625, the “Consolidated Appropriations Act, 2018,” which in addition to providing full-year federal appropriations through September 30, 2018, extended GSP with retroactivity, from January 1, 2018, through December 31, 2020.

GSP-eligible importations continue to be flagged with the SPI “A” and pay normal duty rates until the effective date of the Act which is April 22, 2018.

Shortly after April 22, 2018, CBP will begin refunding GSP duties without interest, to the importer of record, for goods on entry summaries filed with SPI "A" preceding the tariff number, during the lapse period.

Please contact Vandegrift with any questions or concerns regarding GSP refunds.