CBP Releases Final Rule for Drawback
CBP released a final rule for drawback regulations under the Trade Facilitation and Trade Enforcement Act. Most of the regulations will take effect upon publication in the Federal Register on Dec. 18, though the new rules for drawback of excise taxes will take effect on Feb. 19, it said.
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CBP also released information on processing accelerated payment drawback claims in a CSMS message. "The regulations necessary for CBP to begin processing payments for Accelerated Payment (AP) on TFTEA drawback claims are now effective," it said.