On the evening of April 19, 2020, a 90-day deferral of certain estimated duties, taxes, and fees for US importers was announced by Executive Order of the President of the United States, to be implemented through the US Customs and Border Protection and the Secretary of the Treasury.
These deferrals have limitations on eligibility, and proof of significant hardship in regards to the COVID-19 pandemic must be available. A deadline of April 20, 2020, was announced, in order to apply for this deferral for the payments that were due today, April 21, 2020. Additionally, this does not apply to goods subject to
- Antidumping duties,
- Countervailing duties,
- Duties assessed pursuant to Section 232 of the Trade Expansion Act of 1962,
- Duties assessed pursuant to Section 201 of the Trade Act of 1974, and
- Duties assessed pursuant to Section 301 of the Trade Act of 1974.
Although the deadline for the April statements has now passed, Buckland is able to provide assistance for entries that have been either already imported or new shipments coming in.
Importers will need to demonstrate that they have faced significant financial hardship to their operations in March and/or April 2020 due to orders from authorities limiting their abilities to conduct operations resulting in a 60% loss in gross receipts compared to the same period in 2019.
The new deadlines are as follows:
Estimated duties, taxes, and fees paid on single pay basis or Daily Statement may be postponed up to 90 days from the payment due date.
Example:
- Original Due Date April 30, 2020
- 90-Day Postponement July 29, 2020
Estimated duties and fees paid via Periodic Monthly Statement (PMS) may be postponed up to three months, as defined by the 15th working day of the third month.
Example:
- Original Due Date May 21, 2020
- 3 Month Postponement August 21, 2020
Buckland is available to provide quotes upon request for those who meet the notice qualification and we encourage customers to review their operations for qualification. Please see the links below for more details about eligibility.
Please reach out to csaus@buckland.com for further information.
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