June 3, 2019
INDIA TO LOSE GSP STATUS EFFECTIVE JUNE 5, 2019
On May 31, President Trump announced that India would lose its Generalized System of Preferences (GSP) status effective Wednesday, June 5.
Goods from India will no longer qualify for special tariff treatment under GSP and will instead be subject to normal tariff rates.
Further to this announcement, the U.S. will also remove its safeguard measures on Crystalline silicon photovoltaic (CSPV) cells, whether or not partially or fully assembled into other products (including, but not limited to, modules, laminates, panels, and building-integrated materials) (“CSPV products”). This termination also includes large residential washers.
Any merchandise from India subject to the above safeguard measures that is admitted into a US foreign trade zone on or after 12:01 a.m. eastern daylight time on June 5, 2019 must be admitted as “privileged foreign status” as defined in 19 CFR 146.41, and will be subject upon entry for consumption to the safeguard measures.
No mention was made regarding merchandise previously admitted into the FTZ in privileged foreign status prior to June 5 and if it retains GSP benefits.
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Please feel free to reach out to FH Kaysing with any questions regarding this or any other compliance matters.