Update: 90-Day Duty, Tax, and Fee Postponement

April 20, 2020

On April 19, 2020, an executive order was issued instructing the Secretary of the Treasury to temporarily extend deadlines for estimated duty, tax, and fee payments for importers suffering significant financial hardship as a result of the COVID-19 national emergency declaration. As a result, the Secretary of the Treasury and U.S. Customs and Border Protection (“CBP”) have postponed the deadline for payment of certain estimated duties, taxes, and fees for importers experiencing significant financial hardships due to COVID-19 by 90 calendar days. This temporary postponement applies to formal entries of merchandise entered, or withdrawn from warehouse, for consumption (including Foreign Trade Zone) for March and April of 2020. 

To qualify for the postponement, importers must meet a financial hardship requirement which is based on their operations being fully or partially suspended in late March/April 2020 due to COVID-19 limitations by governmental authorities, resulting in their gross receipts for the period of less than 60 percent of their gross receipts for the comparable period in 2019.

Entries or withdrawal from warehouse for consumption with merchandise subject to antidumping duties, countervailing duties or Section 201, 232, or 301 duties are not eligible for this postponement.

To discuss eligibility and payment instructions, please contact your Masterpiece representative for more specific details. 

Note: CBP will not return deposits of estimated duties, taxes, and fees that have already been paid.

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