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India’s GSP status terminated, effective June 5, 2019

India’s GSP status terminated, effective June 5, 2019

India’s status as a beneficiary developing country under the Generalized System of Preferences (GSP) program terminates June 5, 2019.

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Under the GSP program, certain products can enter the United States duty-free if beneficiary developing countries meet the eligibility criteria established by Congress. Countries can also be “graduated” from the GSP program depending on factors related to economic development. The U.S. Trade Representative (USTR) in March 2019 announced that the United States intended to terminate India’s status from GSP program. Read TradeNewsFlash

U.S. Customs and Border Protection (CBP) issued a release (CSMS #19-000275) noting that pursuant to a presidential proclamation, India’s designation as a beneficiary developing country is terminated, effective June 5, 2019, and that measures of the Harmonized Tariff Schedule of the United States (HTSUS) will be modified to reflect this change. India will no longer be exempted from application of the Section 201 safeguard measures on certain crystalline silicon photovoltaic (CSPV) cells and large residential washers and parts, effective June 5, 2019. Imports of CSPV products and washers and parts from India are now subject to the duties and tariff rate quotas on these products.

CBP noted that any merchandise from India admitted into a U.S. foreign trade zone on or after 12:01 a.m. eastern standard time on June 5, 2019, must be admitted as "privileged foreign status," and will be subject upon entry for consumption to certain safeguard measures.

 

For more information on this topic or to learn more about KPMG’s Trade & Customs Services, contact:

Doug Zuvich
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John L. McLoughlin
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Andy Siciliano
Partner and National Practice Leader
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E: asiciliano@kpmg.com

Luis (Lou) Abad
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T: 212-954-3094
E: labad@kpmg.com

Irina Vaysfeld
Principal
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Amie Ahanchian
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Robert Waldrop
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E: rwaldrop@kpmg.com

Gisele Belotto
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E: gbelotto@kpmg.com

Christopher Young
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T: 312-665-3229
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Andy Doornaert
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E: adoornaert@kpmg.com

George Zaharatos
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Jessica Libby
Managing Director
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E: jlibby@kpmg.com

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