US Customs and Border Protection (CBP) has communicated updates impacting aluminum and steel derivative imports under Section 232 tariffs:
- Effective today, August 18, additional aluminum derivative products are now included in Annex I of the HTSUS, and subject to Section 232 duties
- Annex II introduces technical corrections to the HTSUS
Please review the updated reporting requirements — including the very important country of melt and pour, steel content value determination, and contact us should you have questions.
CBP’s FAQs is available here for reference, and the original FRN is here.
We also wanted to include some resources we think you will find beneficial:
We recently held a webinar focused on steel, aluminum, and derivative imports that you might find useful, you can view it here.
Bond Saturation, Foreign Trade Zones and Bonded Warehouses
Our recent webinar provides you with information to reduce the risk of strain on your bond, and strategies for leveraging FTZs and bonded warehouses.
Drawback
There are lots of ways you can reclaim duties paid on goods that don’t remain in the US – watch this webinar to learn more.
Verifiable Credentials, GBI, Country of Origin Mapping and Values
Please review this webinar to understand how you can further authenticate COO and a secure supply chain
