US Customs and Border Protection has announced a 90 day deferral of duty payments for importers suffering financial hardship due to the Covid-19 pandemic. A notice will be published in the Federal Register within the next few days. In order to qualify for the deferral, an importer must demonstrate a significant financial hardship. The importer’s operation must be fully or partially suspended during March or April 2020 due to orders surrounding Covid-19. As a result of such suspension, the gross receipts of the importer for March 13-31, 2020, or April 2020 must be less than 60 percent of the gross receipts for the comparable period in 2019. Importers do not need to file proof in order to be eligible for the duty deferral, but must maintain documentation establishing that it meets the requirements for relief.
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