CSMS# 19-000253 - Trade Policy Update Reminder: Accelerated Payment for Substitution TFTEA Drawback Claims
U.S. Customs and Border Protection sent this bulletin at 05/20/2019 11:25 AM EDTYou are subscribed to Automated Broker Interface for U.S. Customs and Border Protection. This information has recently been updated, and is now available.
05/20/2019 11:17 AM EDT
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Trade Policy Update:
REMINDER: Trade is advised not to request Accelerated Payment (AP) on any TFTEA substitution drawback claim potentially subject to limitations on internal revenue tax refunds (accounting class code 365) until notified by CBP to do so.
If drawback claims are submitted prior to notification from CBP, there is a risk of bond decrementation and loss of AP for the life of the claims.
The above guidance regarding TFTEA substitution claims with class code 365 does not apply to the Oil Spill Tax and the Harbor Maintenance Tax.
For more information, please refer to the original CSMS (#18-000737).
Questions regarding this reminder may be directed to OTDRAWBACK@cbp.dhs.gov
Related CSMS No. 18-000737
Trade Policy Update:
REMINDER: Trade is advised not to request Accelerated Payment (AP) on any TFTEA substitution drawback claim potentially subject to limitations on internal revenue tax refunds (accounting class code 365) until notified by CBP to do so.
If drawback claims are submitted prior to notification from CBP, there is a risk of bond decrementation and loss of AP for the life of the claims.
The above guidance regarding TFTEA substitution claims with class code 365 does not apply to the Oil Spill Tax and the Harbor Maintenance Tax.
For more information, please refer to the original CSMS (#18-000737).
Questions regarding this reminder may be directed to OTDRAWBACK@cbp.dhs.gov
Related CSMS No. 18-000737
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