January 1, 2021 Marks Increases in Import Duty
Effective January 1, 2021 the Generalized System of Preferences renewal, China 301 tariff exclusions and the Miscellaneous Tariff Bill suspensions are due to expire. This will have a tremendous effect on how customs brokers process and clear imports at the start of the year. Generalized System of Preferences Expiration Beginning January 1, merchandise that had…
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