EBay Pushes for Senate Passage of Customs Bill
The Senate should move forward to pass long-delayed customs reauthorization legislation that would "support the ability of small Internet-enabled retailers to successfully export across the globe," eBay said on Feb. 8 (here). The bill, the Trade Facilitation and Trade Enforcement…
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Act (HR-644), would make some much needed changes to outdated customs laws, the company said. "For example, this legislation will boost the threshold under which buyers and sellers submit paperwork and pay duties on low-value shipments to the US from $200 to $800, while also encouraging trading partner nations to do the same. In addition, the bill would allow U.S. sellers to accept retail returns, which is a key offering that appeals to overseas customers and increases buyer satisfaction. Currently, U.S. small businesses must pay duty when accepting a returned item from an international customer." Senate consideration of the bill is expected as early as Feb. 10 (see 1602050015).