News & Analysis as of

Importers Coronavirus/COVID-19

ArentFox Schiff

WorldSmart: The Impact of Export Control and Economic Sanctions on International Business

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In this WorldSmart podcast, International Trade & Investment Practice Leader Kay Georgi discusses the current and future issues of export controls and economic sanctions, with International Group Co-Chairs Hunter Carter and...more

Tarter Krinsky & Drogin LLP

Voluntary Qualified Importer Program Opens For Fiscal Year 2022

The U.S. Food and Drug Administration (FDA) recently opened an application portal for a Voluntary Qualified Importer Program (VQIP) for fiscal year 2022. Through a voluntary, fee-based model, VQIP provides participating...more

ArentFox Schiff

CBP Gets Tough on Forced Labor: Turning Supply Chain Risks Into Advantages

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Under the TFTEA, CBP has taken an increasingly enforcement-minded posture to prevent and penalize the importation of goods produced using forced labor into the United States. On August 13, 2020, CBP announced that it had...more

Williams Mullen

Payment of Deferred Import Duties, Taxes and Fees

Williams Mullen on

As a follow-up to our client alert of April 23, 2020, here we provide: (i) a reminder of the opportunity for eligible importers to defer certain import duties, taxes and fees; and (ii) provide additional guidance on the...more

Society of Corporate Compliance and Ethics...

US Department of the Treasury extends deadlines for certain duties and fees

Report on Supply Chain Compliance 3, no. 9 (April 30, 2020) - Following the April 18 executive order, National Emergency Authority to Temporarily Extend Deadlines for Certain Estimated Payments, the Secretary of the...more

WilmerHale

COVID-19: Impacts on US Sanctions Regulation and Policy

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The COVID-19 pandemic has had profound economic and political effects over the past several months. Increasingly, those effects have led a number of US policymakers, US allies, and others to question certain US sanctions...more

Faegre Drinker Biddle & Reath LLP

Customs Duty Deferrals: Breathing Room for Qualified Retailers

The COVID-19 crisis has dealt a devastating blow to the whole economy, and it has hit the retail industry particularly hard. With widespread stay-at-home orders and closure of physical stores, many retailers have been forced...more

Williams Mullen

Payment of Certain Import Duties, Taxes and Fees Postponed for 90-Days

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President Trump issued an Executive Order on April 19, 2020, authorizing the Secretary of Treasury to temporarily extend deadlines for the payment of deposits of certain estimated import duties, taxes and fees for importers...more

Dorsey & Whitney LLP

Certain Tariff Deferrals Possible for U.S. Importers Whose Revenue Has Sharply Declined

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Some U.S. importers may be able to defer payment of certain U.S. import tariffs by 90 days under a temporary final rule (“Tariff Deferral Rule”) published on April 22 by U.S. Customs and Border Protection (“CBP”) and the U.S....more

BCLP

In the Face of COVID-19, Ability to Defer Duty Deposits for U.S. Imports Is Back for Certain Importers

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As of Monday, April 20, 2020, U.S. Customs and Border Protection (CBP), in connection with the Department of the Treasury, temporarily postponed for 90 calendar days the deadline for deposits of certain estimated duties,...more

Burr & Forman

Customs Defers Duty Payments for COVID-19 Affected Importers

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U.S. Customs and Border Protection (CBP) confirmed in an April 22, 2020 Federal Register notice the temporary postponement of the deadline for payment by COVID-19 affected importers of record of deposits of certain estimated...more

ArentFox Schiff

Importing Under COVID-19: Companies Suffering Financial Hardship Receive 90-Day Reprieve to Pay Duties

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Effective yesterday, the US government is making available a temporary 90-day postponement of certain import payment deadlines for companies and individuals experiencing “significant financial hardship” due to the economic...more

WilmerHale

COVID-19: President Trump Authorizes Temporary Deferral of Some Import Duties

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On April 19, 2020, President Trump issued an Executive Order (E.O.) on “National Emergency Authority to Temporarily Extend Deadlines for Certain Estimated Payments” directing the Secretary of the Treasury, in consultation...more

Miles & Stockbridge P.C.

U.S Customs and Border Protection Temporarily Postpone the Time to Deposit Certain Estimated Duties, Taxes and Fees due to...

Effective immediately, U.S. Customs and Border Protection (CBP) is amending the CBP regulations to permit importers to temporarily postpone the deposit of certain estimated duties, taxes and fees. Ordinarily, those estimated...more

Faegre Drinker Biddle & Reath LLP

90-Day Customs Duties and Fees Deferrals for March and April Customs Entries

On April 18, 2020, President Trump signed an Executive Order providing additional economic support for U.S. businesses during the COVID-19 pandemic. The Executive Order gave the Treasury Department the authority to implement...more

Kelley Drye & Warren LLP

U.S. Suspends Duty Payments on Certain Merchandise - Offering Temporary Relief for Some Importers

In response to growing calls of concern from the business community, Members of Congress and even from some within the Administration, President Trump issued an Executive Order on April 19 authorizing temporary relief of the...more

Benesch

UPDATE - Customs Duty Payment Extensions Available For COVID-19 Emergency

Benesch on

Benesch advised on March 21 that U.S. Customs and Border Protection (“CBP”) was examining emergency measures to allow for the deferral of customs duty payments in response to the COVID-19 pandemic. On April 19 the White House...more

Akerman LLP

CBP Announces 90-Day Duty Deferral for Importers Meeting Specific COVID-19 Criteria

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Importers that can demonstrate "significant financial hardship" resulting from the COVID-19 pandemic may benefit from President Trump's April 18 Executive Order, which authorizes the Treasury Department to grant importers an...more

Lowenstein Sandler LLP

New 90-Day CBP Duty Deferral Option

Lowenstein Sandler LLP on

The administration and U.S. Customs and Border Protection (CBP) recently announced a narrow 90-day duty deferral option to help companies cope with the economic effects of COVID-19. Apparently the push from members of...more

Hogan Lovells

COVID-19 Update: FDA Announces Plans to Conduct Remote FSVP Inspections

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In response to the COVID-19 outbreak, the U.S. Food and Drug Administration (FDA) has announced it will begin requesting that importers send the agency records required under the Foreign Supplier Verification Programs (FSVP)...more

Husch Blackwell LLP

Lawmakers Push For Duty Deferrals In Response To COVID-19 Pandemic

Husch Blackwell LLP on

U.S. lawmakers of both parties in the House and the Senate, including House Minority Leader Kevin McCarthy (R-CA) and Sens. Pat Toomey (R-PA) and Dianne Feinstein (D-CA), have urged the Trump Administration to suspend tariff...more

Akerman LLP

UPDATED: CBP Backtracks - Will No Longer Grant Extensions for Customs-Related Payments Due to COVID-19

Akerman LLP on

Unexpectedly, on March 26, 2020, U.S. Customs and Border Protection (CBP) issued a Cargo Systems Messaging Service (CSMS) message announcing that it will no longer accept requests from importers to defer payment of duties on...more

Polsinelli

CBP to Implement Case-by-Case Duty Deferrals Due to Novel Coronavirus Disease

Polsinelli on

On March 20, 2020, U.S. Customs and Border Protection (CBP) announced a program whereby U.S. importers may request additional days for payment of estimated duties, taxes and fees due to the severity of the Novel Coronavirus...more

Fox Rothschild LLP

Applying Force Majeure To Delivery Failures In International Trade

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The COVID-19 pandemic has caused tremendous displacement in the world’s economy. The international supply chain, particularly from China, but now including other parts of the world, has experienced significant impacts. Many...more

Benesch

Customs Duty Payment Extensions Available For COVID-19 Emergency

Benesch on

U.S. Customs and Border Protection (“CBP”) issued bulletin CSMS #42097586 on March 20, 2020, advising that payment of import duties may be deferred under certain circumstances due to the COVID-19 outbreak.  Specifically,...more

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