CBP Finalizes December 2022 Interim Final Rule Transferring Authority of CBMA
CBP finalized its December 2022 interim final rule that moved the responsibility for administering refunds, reduced tax rates and tax credits on imported alcohol from CBP to the Treasury Department. In a notice released March 5, CBP formally adopted changes…
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that took effect in January 2023 that moved the responsibility of the Craft Beverage Modernization Act (CBMA) from CBP to the Alcohol and Tobacco Tax and Trade Bureau (TTB) within Treasury (see 2209220065). The change was required by the Tax Relief Act of 2020, which made CBMA permanent but transferred its administration to the TTB. The rule takes effect March 6.