{"id":1429,"date":"2020-04-21T19:04:58","date_gmt":"2020-04-21T19:04:58","guid":{"rendered":"http:\/\/www.bocintl.com\/en\/?p=1429"},"modified":"2020-04-21T19:04:58","modified_gmt":"2020-04-21T19:04:58","slug":"the-boc-blast-359-90-day-duty-tax-and-fee-postponement","status":"publish","type":"post","link":"https:\/\/www.bocintl.com\/web\/the-boc-blast-359-90-day-duty-tax-and-fee-postponement\/","title":{"rendered":"The BOC Blast 359 &#8211; 90-Day Duty Tax and Fee Postponement-"},"content":{"rendered":"\n<figure class=\"wp-block-gallery columns-1 is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\"><ul class=\"blocks-gallery-grid\"><li class=\"blocks-gallery-item\"><figure><img decoding=\"async\" data-src=\"http:\/\/www.bocintl.com\/en\/wp-content\/uploads\/2020\/04\/Imagen2-1024x243.png\" alt=\"\" data-id=\"1430\" data-full-url=\"http:\/\/www.bocintl.com\/en\/wp-content\/uploads\/2020\/04\/Imagen2.png\" data-link=\"http:\/\/www.bocintl.com\/en\/?attachment_id=1430\" class=\"wp-image-1430 lazyload\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1024px; --smush-placeholder-aspect-ratio: 1024\/243;\" \/><\/figure><\/li><\/ul><\/figure>\n\n\n<p class=\"wp-block-paragraph\"><strong>90-Day Duty, Tax, and Fee Postponement<\/strong><\/p>\n\n\n<p class=\"wp-block-paragraph\"><strong>On April 22nd, 2020 CBP is publishing the 90 Day postponement\nfor certain estimated duties, taxes, and fees. As CBP does have a scheduled\npublication date, BOC wanted to notify our Importers. Below is the link to the\nFederal Register document. Please review the FR notice tomorrow, to ensure\ncompliance.&nbsp; <\/strong><\/p>\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.federalregister.gov\/documents\/2020\/04\/22\/2020-08618\/temporary-postponement-of-the-time-to-deposit-certain-estimated-duties-taxes-and-fees-during-the\">https:\/\/www.federalregister.gov\/documents\/2020\/04\/22\/2020-08618\/temporary-postponement-of-the-time-to-deposit-certain-estimated-duties-taxes-and-fees-during-the<\/a><\/p>\n\n\n<p class=\"wp-block-paragraph\"><strong>CSMS #42423171 &#8211; COVID-19 \u2013 90 Day Postponement of Payment for\nthe Deposit of Certain Estimated Duties, Taxes, and Fees<\/strong><\/p>\n\n\n<p class=\"wp-block-paragraph\"><strong>BOC will need to receive the below statement on your company\u2019s\nletterhead and signed by a corporate officer. <\/strong><\/p>\n\n\n<p class=\"wp-block-paragraph\">(Company\nname, IRS#)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\nconfirms that it satisfies CBP requirements for the 90-day postponement\nof payment for imports duty, taxes and fees.&nbsp;\nDue to the COVID-19 pandemic, local, state and national restrictions\nhave caused significant financial hardship, (Company name) has an order from\ncompetent governmental authority. (Company name) has verified that our\noperation is fully or partially suspended during March 2020 or April 2020. The\ngross receipts for March 13-31, 2020 or April 2020 are less than 60 percent of\nthe gross receipts for the comparable period in 2019. We have verified that our\nentries are not antidumping duties, countervailing duties, section 232 tariffs\nfor steel and aluminum imports, section 201 tariff rate quotas for solar cells\nand panels and\/or section 301 tariff for products of China. <\/p>\n\n\n<p class=\"wp-block-paragraph\"><strong>REQUIREMENTS \/ ELIGIBLE &amp; NOT ELIGIBLE PRODUCT<\/strong><\/p>\n\n\n<ol class=\"wp-block-list\"><li>Importer must have significant\nfinancial hardship <\/li><\/ol>\n\n\n<ol class=\"wp-block-list\"><li>If operations fully or partially\nsuspended during March 2020 <strong>OR<\/strong> April\n2020, the suspended operations must be due to orders from a competent\ngovernment authority limiting commerce, travel, or group meeting due to\nCOVID-19.&nbsp; <\/li><\/ol>\n\n\n<ul class=\"wp-block-list\"><li><strong>AND<\/strong>\nsuch suspension resulted in the gross receipts for March 13-31, 2020 <em>OR<\/em> April 2020 are less than 60% of the\ngross receipts for the comparable period in 2019<\/li><\/ul>\n\n\n<ul class=\"wp-block-list\"><li><strong>AND<\/strong>\neligible importers do not need to file documents with CBP to be eligible for\nthis relief<\/li><\/ul>\n\n\n<ol class=\"wp-block-list\"><li><strong>BUT<\/strong>\nmust maintain documentation as part of its books<\/li><\/ol>\n\n\n<ol class=\"wp-block-list\"><li><strong>AND<\/strong>\nrecords establishing that it meets the requirements for relief<\/li><\/ol>\n\n\n<ol class=\"wp-block-list\"><li><strong>ALSO<\/strong>\nCBP may conduct a review of documentation at a future date to ensure\ncompliance.<\/li><\/ol>\n\n\n<ul class=\"wp-block-list\"><li>Temporary postponement does not\napply to any entry \/ withdrawal from warehouse for consumption<\/li><\/ul>\n\n\n<ol class=\"wp-block-list\"><li>No antidumping duties<\/li><\/ol>\n\n\n<ul class=\"wp-block-list\"><li>No countervailing duties<\/li><\/ul>\n\n\n<ul class=\"wp-block-list\"><li>No section 232 tariffs for steel\nand aluminum imports <\/li><\/ul>\n\n\n<ul class=\"wp-block-list\"><li>No section 201 tariff rate quotas\nfor solar cells and panels<\/li><\/ul>\n\n\n<ul class=\"wp-block-list\"><li>No section 301 tariff for\nproducts of China<\/li><\/ul>\n\n\n<ul class=\"wp-block-list\"><li>Entries <strong>NOT<\/strong> eligible if the entry summary includes merchandise subject to\nADD, CVD, section 232, section 201 and section 301.<\/li><\/ul>\n\n\n<p class=\"wp-block-paragraph\">The importer\nwill need to take the commercial invoice and document the commodities NOT\neligible for the 90-day postponement. BOC will not be responsible and will be\ncharging two entry fees for the two separate entries. BOC is charging a $\n150.00 flat clearance fee for the commodities not under the 90-day\npostponement, and the importer\u2019s clearance fee for the consumption entries that\nquality for the 90 days.&nbsp; <\/p>\n\n\n<ol class=\"wp-block-list\"><li>Separate entries pursuant to 19\nCFR 141.52 has been authorized by CBP<\/li><\/ol>\n\n\n<ol class=\"wp-block-list\"><li>Only applies to entries NOT yet\nfiled<\/li><\/ol>\n\n\n<ol class=\"wp-block-list\"><li>If an importer has merchandise\nnot eligible and merchandise eligible on the same AMS B\/L, two separate entries\ncan be made <\/li><\/ol>\n\n\n<p class=\"wp-block-paragraph\"><strong>PAYMENT TIMEFRAMES<\/strong><\/p>\n\n\n<p class=\"wp-block-paragraph\">Estimated\nduties, taxes, and fees paid on single pay basis or Daily Statement may be\npostponed up to 90 days from the payment due date.<\/p>\n\n\n<p class=\"wp-block-paragraph\">Example:<\/p>\n\n\n<p class=\"wp-block-paragraph\"><strong>Original Due Date&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 90-Day\nPostponement<\/strong><\/p>\n\n\n<p class=\"wp-block-paragraph\">April 30,\n2020&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; July 29, 2020<\/p>\n\n\n<p class=\"wp-block-paragraph\">Estimated\nInternal Revenue Tax paid via the deferred tax schedule may be postponed up to\nthree months from the payment due date.<\/p>\n\n\n<p class=\"wp-block-paragraph\">Example:<\/p>\n\n\n<p class=\"wp-block-paragraph\"><strong>Original Due Date&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3\nMonth Postponement<\/strong><\/p>\n\n\n<p class=\"wp-block-paragraph\">April 29,\n2020&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; July 29, 2020<\/p>\n\n\n<p class=\"wp-block-paragraph\">May 14,\n2020&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; August 14, 2020<\/p>\n\n\n<p class=\"wp-block-paragraph\">Estimated\nduties and fees paid via Periodic Monthly Statement (PMS) may be postponed up\nto three months, as defined by the 15th working day of the third month.<\/p>\n\n\n<p class=\"wp-block-paragraph\">Example:<\/p>\n\n\n<p class=\"wp-block-paragraph\"><strong>Original Due Date&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3\nMonth Postponement<\/strong><\/p>\n\n\n<p class=\"wp-block-paragraph\">April 21,\n2020&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; July 22, 2020<\/p>\n\n\n<p class=\"wp-block-paragraph\">May 21,\n2020&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; August 21, 2020<\/p>\n\n\n<p class=\"wp-block-paragraph\"><strong>PAYMENT INSTRUCTIONS<\/strong><\/p>\n\n\n<p class=\"wp-block-paragraph\">The\nauthorization of 90 additional calendar days without penalty for payment\napplies whether an entry summary is paid as a single-pay check, ACH Daily and\nMonthly Statement, or PMS.&nbsp;&nbsp; <\/p>\n\n\n<p class=\"wp-block-paragraph\">Importers\/Filers\nwho choose to take advantage of the additional 90 calendar days for the payment\nof the deposit of estimated duties, taxes and fees have the responsibility to\nschedule payments accordingly. CBP will not adjust statement dates. <\/p>\n\n\n<p class=\"wp-block-paragraph\">Effective\nSunday, April 19, 2020, CBP is deploying updates to the ACE SU statement\ntransaction to give the importer\/filer more flexibility when removing entries\nfrom a PMS:<\/p>\n\n\n<ol class=\"wp-block-list\"><li>Entries removed from statement no\nlonger have to be submitted as single pay. The importer\/filer can reschedule\nentries that were removed from one statement for another statement.<\/li><\/ol>\n\n\n<ul class=\"wp-block-list\"><li>The importer\/filer can now remove\nRemote Location Filing (RLF) entries from a PMS, including the April PMS, and\nschedule those entries for another statement.<\/li><\/ul>\n\n\n<ul class=\"wp-block-list\"><li>The importer\/filer can now\nschedule the month further out than two months, so that they do not have to\nfurther push the Periodic Daily Statement (PDS) date. This will allow the\nimporter\/filer to file an entry with an April PDS date and schedule for the\nJuly monthly statement.<\/li><\/ul>\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" data-src=\"http:\/\/www.bocintl.com\/en\/wp-content\/uploads\/2020\/03\/Imagen3-3-1024x94.png\" alt=\"\" class=\"wp-image-1413 lazyload\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1024px; --smush-placeholder-aspect-ratio: 1024\/94;\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>90-Day Duty, Tax, and Fee Postponement On April 22nd, 2020 CBP is publishing the 90 Day postponement for certain estimated duties, taxes, and fees. As CBP does have a scheduled publication date, BOC wanted to notify our Importers. Below is the link to the Federal Register document. Please review the FR notice tomorrow, to ensure<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[507],"tags":[],"class_list":["post-1429","post","type-post","status-publish","format-standard","hentry","category-the-boc-blast"],"_links":{"self":[{"href":"https:\/\/www.bocintl.com\/web\/wp-json\/wp\/v2\/posts\/1429","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bocintl.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bocintl.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bocintl.com\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bocintl.com\/web\/wp-json\/wp\/v2\/comments?post=1429"}],"version-history":[{"count":0,"href":"https:\/\/www.bocintl.com\/web\/wp-json\/wp\/v2\/posts\/1429\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bocintl.com\/web\/wp-json\/wp\/v2\/media?parent=1429"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bocintl.com\/web\/wp-json\/wp\/v2\/categories?post=1429"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bocintl.com\/web\/wp-json\/wp\/v2\/tags?post=1429"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}