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U.S. additional customs duties effective 6 July, Chinese goods
U.S. additional customs duties effective 6 July
U.S. Customs and Border Protection today issued a release concerning the additional import duties for certain Chinese goods under the “Section 301” action. The additional duties will be effective with respect to goods entered, or withdrawn from warehouse for consumption on or after 6 July 2018.
Read CSMS 18-000409 (28 June 2018)
The U.S. Trade Representative (USTR) previously issued a final list of products (PDF 2.3 MB) covered by the Section 301 action, with the imports represented by their
According to today’s CBP release, any article classified in a subheading covered by this list that is a product of China would be subject to a 25% ad valorem duty rate, in addition to the general (Column 1) rate of duty for that particular subheading.
In addition to reporting the Chapters 1-97 HTSUS classification of the imported merchandise, importers also must report the 9903.88.01 special tariff number for goods subject to the additional duty assessment of 25% ad valorem as a result of the Section 301 trade remedy, as follows:
9903.88.01: 25% ad valorem additional duty for articles the product of China
The Section 301 duties currently only apply to products of
CBP today further explained that:
- The rates of duty imposed by subheading 9903.88.01 will not apply to products for which entry is properly claimed under a heading or subheading in Chapter 98.
- Products from China subject to the Section 301 trade remedy that are eligible for special tariff treatment under General Note 3(c)(i) to the HTSUS will be subject to the additional 25% ad valorem rate of duty imposed by heading 9903.88.01.
- Any product listed in the USTR release except any product that is eligible for admission under ‘”domestic status” subject to the additional duty imposed and that is admitted into a U.S. foreign trade zone on or after 6 July 2018, only may be admitted as “privileged foreign status.” These products will be subject upon entry for consumption to any ad valorem rates of duty or quantitative limitations related to the classification under the applicable HTSUS subheading.
- The USTR will establish a process by which U.S. stakeholders may request
that particular products classified within an HTSUS subheading listed in Annex A be excluded from the additional Section 301 duties. USTR will publish a separate notice concerning the product exclusion process, and CBP will provide additional guidance on the matter as it becomes available.
For more information on this topic or to learn more about KPMG’s Trade & Customs Services, contact:
Doug Zuvich Partner, Global Practice Leader T: 312-665-1022 E: dzuvich@kpmg.com
Andy Siciliano Partner, National Practice Leader T: 631-425-6057 E: asiciliano@kpmg.com
Irina Vaysfeld Principal T: 212-872-2973 E: ivaysfeld@kpmg.com
Robert Waldrop Principal T: 212-954-8117 E: rwaldrop@kpmg.com
Christopher Young Principal T: 312-665-3229 E: christopheryoung@kpmg.com
George Zaharatos Principal T: 404-222-3292 E: gzaharatos@kpmg.com |
John L. McLoughlin Principal, East Coast Leader T: 267-256-2614 E: jlmcloughlin@kpmg.com
Luis (Lou) Abad Principal, WNT T: 212-954-3094 E: labad@kpmg.com
Amie Ahanchian Managing Director T: 202-533-3247 E: aahanchian@kpmg.com
Gisele Belotto Managing Director T: 305-913-2779 E: gbelotto@kpmg.com
Andy Doornaert Managing Director T: 313-230-3080 E: adoornaert@kpmg.com
Jessica Libby Managing Director T: 612-305-5533 E: jlibby@kpmg.com |
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