| Title: | GSP EXPIRATION |
|---|---|
| Date: | 1997-05-20 |
| To: | abi |
| Links: | previous, next |
TO : ALL ABI BROKERS.
FROM : ERIC S BLANK
SUBJECT : GSP-GSP EXPIRATION
DATE : 05/20/97
GSP EXPIRATION
THE GENERALIZED SYSTEM OF PREFERENCES (GSP) WILL EXPIRE AT MIDNIGHT
ON MAY 31, 1997, UNLESS EXTENDED BY LAW. AT THIS MOMENT, THERE
ARE NO LEGISLATIVE PLANS THAT WOULD RENEW GSP. IF THE GSP EXPIRES,
CONGRESS MAY CHOOSE TO RENEW IT RETROACTIVELY. TO FACILITATE
IDENTIFICATION OF AFFECTED LINE ITEMS SHOULD THE GSP BE RENEWED
RETROACTIVELY, CUSTOMS HAS DECIDED TO PERMIT CONTINUED USE OF THE
SPECIAL PROGRAM INDICATOR (SPI) "A" FOR ABI ENTRY SUMMARIES. CONTINUED
USE OF THIS SPI IS THE FILER'S REQUEST FOR A REFUND IF THE GSP IS
RENEWED RETROACTIVELY. IT WILL PERMIT CUSTOMS TO QUICKLY IDENTIFY AND
REFUND DUTIES IF CONGRESS SO PROVIDES. THESE ARE THE SAME PROCEDURES
WHICH WERE USED THE LAST TIME THE GSP EXPIRED.
ABI-FILERS MAY CONTINUE TO IDENTIFY LINE ITEMS ELIGIBLE FOR THE GSP BY
USING THE SPI "A" IN CONJUNCTION WITH THE MFN RATE OF DUTY. ACS IS
PROGRAMMED TO REJECT ENTRY SUMMARIES IF THE SPI IS USED IN CONJUNCTION
WITH A "FREE" RATE OF DUTY, FOR MERCHANDISE ENTERED OR WITHDRAWN FROM
WAREHOUSE FOR CONSUMPTION ON OR AFTER MAY 31, 1997.
PERSONS WITH QUESTIONS REGARDING THE GSP PROGRAM MAY CONTACT JOHN
PIERCE AT (202) 927-1249. PERSONS WITH QUESTIONS REGARDING ABI
PROCESSING MAY CONTACT ERIC BLANK AT (202) 927-0441.
CSMS #97-000506