On December 31, 2020, the Generalized System of Preferences (GSP), special program indicator (SPI): “A,” “A+,” and “A*”, will expire if no Congressional legislation is passed to renew these programs.
Starting on January 1, 2021, 12:00 am, "GSP eligible goods entered or withdrawn from warehouse need to pay “General” (column 1) duty rates."
"U.S. Customs and Border Protection (CBP) encourages importers to continue to flag GSP eligible importations with SPI 'A' during the lapse, starting January 1, 2021." But importers may not file SPI "A" without paying duties. However, if GSP is renewed, CBP would automatically start the refund process for you.
For imports made while GSP was still active (before December 31, 2020), CBP would still allow "post-importation GSP claims made via post summary correction (PSC) and protest (19 USC 1514, 19 CFR 174)," but will not allow it for imports made after the expiration date.
Additional Resources:
Any questions about the GSP?
Call us at 714-738-1196 or email us at info@spiritchbinc.com
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