BIS Sets Procedures to Request Brazil Section 232 Quota Exemptions for Pre-Existing Contracts
The Bureau of Industry and Security released a temporary final rule Oct. 8 detailing procedures for importers to apply for exemptions from recently tightened Section 232 quotas on Brazilian steel. As announced in a presidential proclamation issued at the end…
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of August (see 2008310010), the exemptions are available where the decreased quota would disrupt U.S. production activities under contracts entered into prior to Aug. 28, 2020. The exemptions are only available for steel shipped to the U.S. prior to Dec. 31, 2020, and the overall relief is limited to a total of 60,000,000 kilograms of steel. The temporary file rule takes effect Oct. 13, its scheduled date of publication in the Federal Register.