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Generalized System of Preferences (GSP)

The Generalized System of Preferences (GSP) is a trade preference program established by the Trade Act of 1974, which promoted economic development by eliminating duties on many products when they were imported from one of the 119  countries and territories designated as developing. The program expired in December 2020 and is pending renewal in Congress. Should Congress renew the program with a retroactive refund clause, CBP will refund duties for entries eligible for GSP. Under the GSP, goods that are entirely produced or manufactured in a beneficiary developing country may qualify for duty-free entry under GSP; all third-party materials must undergo a substantial transformation defined as at least 35% of the good’s value having been added in the beneficiary country.  The goods must also be “imported directly” from the GSP eligible country.

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CIT Grants Nearly $3.4M Penalty After Default Judgment in Customs Case on Innersprings
July 21, 2025 by Jacob Kopnick|Top News

The Court of International Trade on July 18 granted the government's motion for default judgment against importer Rayson Global and its owner Doris Cheng for negligently failing to pay ordinary, Section 301 and antidumping duties on its innerspring entries. Judge Timothy Stanceu granted the motion, after previously rejecting it for insufficiently pleaded facts, ordering Rayson and Cheng to pay a nearly $3.4 million penalty and all unpaid duties, taxes and cash deposits on the unliquidated entries in the case (U.S. v. Rayson Global, Inc. and Doris Cheng, CIT # 23-00201).

Topics:Court of International Trade activity, Country of origin cases
CIT Rejects US Bid for Default Judgment in Customs Penalty Suit on Innersprings
January 10, 2025 by Jacob Kopnick|Top News

The Court of International Trade on Jan. 8 denied the government's bid for default judgment against importer Rayson Global and its owner and CEO Doris Cheng in a customs penalty case, with Judge Timothy Stanceu taking issue with the U.S. claim for a monetary penalty totaling nearly $3.4 million.

Topics:Court of International Trade activity, Tariff classification rulings, Country of origin cases
Sept. 18 CBP Bulletin Proposes to Revoke Ruling Letters on Certain Wheels, Light Strings
September 23, 2024 |Customs Rulings

In the Sept. 18 Customs Bulletin (Vol. 58, No. 37), CBP published a proposal to revoke ruling letters concerning certain wheels and hubs for trucks and trailers and the applicability of the generalized system of preferences to incandescent string lights.

Topics:Court of International Trade activity, Tariff classification rulings, Country of origin cases, Harmonized Tariff Schedule, CBP CROSS Rulings