GSP Retroactively Renewed: Short Window to Claim Refunds for Old Entries
On June 29 President Obama signed H.R. 1295, which retroactively renewed the Generalized System of Preferences (GSP). Long awaited by many U.S. importers, GSP’s renewal allows nearly 5,000 products from 122 designated beneficiary countries and territories to once again be eligible for duty-free entry into the U.S. However, the good news doesn’t stop there. GSP’s…
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