Japan Deal Tariff Cuts to Take Effect Sept. 16
Tariff cuts for Japanese automobiles and auto parts and civil aircraft will take effect Sept. 16, according to a notice released by the Commerce Department.
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
On that date, cars and trucks and auto parts with a most-favored nation duty rate of 15% or lower will begin paying a flat 15% MFN plus reciprocal rate under new subheadings 9903.94.41 and 9903.94.43. Cars, trucks and auto parts with an MFN rate higher than 15% will only pay the MFN rate, and will be filed under subheadings 9903.94.40 and 9903.94.42.
Also beginning Sept. 16, imports of civil aircraft and civil aircraft parts from Japan that fall under subheadings listed in an annex to the notice will be exempt from Section 232 tariffs on steel, aluminum and copper, as well as from reciprocal tariffs, under new subheading 9903.96.02.
And retroactive back to Aug. 7, goods from Japan with an MFN rate of lower than 15% may be imported with a flat 15% reciprocal + MFN tariff under new subheading 9903.02.73. Japanese goods with an MFN rate of higher than 15% will only pay the MFN rate, and should be filed under subheading 9903.02.72.
The new subheadings for reciprocal tariffs on Japan will be deployed in ACE at 12:01 a.m. EDT on Sept. 16, CBP said in a CSMS message. For entries filed on or after Aug. 7, "filers should take action to correct entries as necessary to reflect the modified duty rate applicable under headings 9903.02.72 or 9903.02.73, as soon as possible within 10 days of the cargo’s release from CBP custody and prior to estimated duties being deposited to avoid needing refunds, the CSMS message said.
"For unliquidated entries for which estimated duties have already been deposited, importers may request a refund upon liquidation by filing a post summary correction. For liquidated entries, importers may request a refund by filing a protest pursuant to 19 U.S.C. 1514."