President Donald Trump signed GSP renewal into law in March and with an effective date on April 22nd.
The law allows for importers to receive retroactive GSP benefits after the program expired at the end of last year. "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," CBP said. Importers should "continue to flag GSP-eligible importations with the SPI 'A' and pay normal trade relations (column 1) duty rates until the effective date of the Act, April 22, 2018, at which time programming will obviate the duty payment."
Importers can seek duty refunds for entry summaries during the GSP lapse that didn't include a special indicator, CBP said. "Refund requests may be submitted as letters, Post Summary Corrections (PSC) or Protests. CBP will "begin processing these claims only after processing those submitted at entry summary."
A complete list of entries indicating the filing with the SPI “A” indicator can be obtained from the Importers ACE Portal. Contact Priscilla Royster for additional information and training on the ACE Portal, email@example.com.