SPOTLIGHT NEWSLETTER

Notice: Merchandise Processing Fee; GSP Program; And PSC Filing Period

Merchandise Processing Fee and Other Customs Fees to Be Adjusted for Inflation in Fiscal Year 2018

Merchandise Processing Fee (MPF) and other U.S. Customs user fees will be adjusted effective January 1, 2018. The MPF rate of .3464 percent of the entered value of merchandise does not change; however, the minimum and maximum “per entry” limits are being adjusted. On formal entries, the minimum MPF charge increases from $25 to $25.67 and the maximum MPF charge increases from $485 to $497.99. The MPF for electronically transmitted informal entries increases from $2 to $2.05. For further information on the MPF changes and other affected fees, please refer to the U.S. Federal Register notice on the topic at the GPO.gov page.

GSP Program Set to Expire on December 31, 2017 

The U.S. Generalized System of Preferences (GSP) Program, which provides preferential duty treatment to eligible products of beneficiary developing countries, is currently set to expire on December 31, 2017.

There are current discussions within the U.S. Congress to renew the GSP program and many trade groups, importers, and other parties have communicated their support for its renewal. The general expectation is that the program will be renewed and there is a push to complete prior to December 31; however, as of November 13, 2017 a formal bill has not yet been introduced to Congress to approve.

U.S. Customs and Border Protection has issued a CSMS message providing information in the event the GSP program does lapse. The message may be viewed here.

U.S. Customs Extends PSC Filing Period 

U.S. Customs & Border Protection has extended the timeframe for importers to file Post-Summary Corrections (PSCs) on un-liquidated entries. Effective November 1, 2017, a PSC may be submitted within 300 days of the date of entry or 15 days prior to the scheduled liquidation date, whichever is earlier. Previously, the PSC filing deadline was within 270 days of the entry date, but not within 20 days of the scheduled liquidation date.