CBP Working on Proposal to Eliminate Section 321 Exemption for Goods Subject to 301 Tariffs
CBP is apparently working on a regulatory change that would eliminate the $800 de minimis exemption for goods subject to Section 301 tariffs. The agency on Sept. 2 submitted to the Office of Management and Budget a proposed rule titled,…
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“Excepting Merchandise Subject to Section 301 Duties from the Customs De Minimis Exemption,” according to OMB’s Office of Information and Regulatory Affairs website. OMB’s reviews are the final step before publication of a rule, and include an interagency review. CBP did not immediately comment.