Steel Goods From Turkey in FTZs Prior to Tariff Decrease Get Lower Rate Upon Entry
Steel goods from Turkey that were given “privileged foreign status” for a foreign-trade zone while steel goods were subject to 50 percent Section 232 tariffs will only be subject to 25 percent tariffs when entered for consumption, CBP said in…
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an update to its page on the Section 232 tariffs. Such goods that were admitted "prior to 12:01 a.m. eastern daylight time on May 21, 2019, shall be subject upon entry for consumption on or after such time and date to the additional 25 percent additional ad valorem rate of duty in heading 9903.80.01 in subchapter III of chapter 99 of the [Harmonized Tariff Schedule of the United States]," CBP said. The Section 232 tariffs on steel from Turkey were reduced to 25 percent on May 21 through a proclamation (see 1905170004) that included the language on FTZs.