close
Share with your friends

Canada: Enhanced monitoring of aluminum and steel imports

Canada: Enhanced monitoring of aluminum, steel imports

Canada's Department of Finance is introducing additional changes to determine that imports of aluminum and steel into Canada do not increase beyond historical levels.

1000

Related content

Beginning 1 September 2019, certain aluminum products face additional monitoring, as a result of being added to the Import Control List under the Export and Import Permits Act.

At the same time, the government is adding new reporting and recordkeeping requirements for steel importers and excluding a handful of steel products from existing safeguard measures, following recommendations from the Canadian International Trade Tribunal. Canada will also be remitting safeguard surtaxes that have been paid on imports of these products since October 2018.


Background

Finance previously announced amendments to allow the Canada Border Services Agency (CBSA) to address price distortions when calculating margins of steel and aluminum dumping, along with new policy changes to help monitor anti-dumping levels. These measures were in addition to recent changes that allow Canada to re-impose surtaxes on steel imports if required, following announcements by Canada and the United States that they would eliminate their respective trade tariffs on steel and aluminum, effective 20 May 2019.


Aluminum and steel import monitoring

Effective 1 September 2019, aluminum import shipments into Canada must cite a certain permit (i.e., a General Import Permit) on CBSA import declarations. This change is intended to alert Canada as to whether a global oversupply of aluminum is making its way into the country.

Also, Finance stated certain steel importers will be asked to submit detailed reports on their imports, to help identify possible errors or inconsistencies in import data.

Finance added that it is clarifying its documentation requirements for importers, to improve how it tracks imports and import patterns so that it may better identify whether a trade remedy action is required (and so that it can better track imports once such a trade remedy is in place).


Exclusions from steel safeguards

The government stated it is excluding certain specific products from its safeguard measures for heavy plate and stainless steel wire. Finance said its decision to exclude seven products for heavy plate and one product for stainless steel wire follows recommendations made by the Canadian International Trade Tribunal in an "exclusion inquiry" that concluded in mid-July 2019. The government said it will also remit safeguard surtaxes paid on imports of the excluded products since October 2018. Details of the additional exclusions can be found in revised Customs Notice 19-08.


Read an August 2019 report prepared by the KPMG member firm in Canada

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal