US customs brokers and importers have been scrambling to revise monthly statements after the US government announced they could postpone duty, taxes and fees for 90 days.
The executive order, signed on Sunday, temporarily extends deadlines for importers “suffering significant financial hardship” and was closely followed by a detailed explanation by Customs & Border Protection (CBP).
It noted: “This temporary postponement applies to formal entries of merchandise entered, or withdrawn from warehouse, …

The post ‘Raincheck’ on taxes a relief for hard-hit US importers appeared first on The Loadstar.

Source: The Loadstar