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CBP Reviewing Info Collections on Returned Goods, Petroleum Refineries

Monday, February 22, 2016
Sandler, Travis & Rosenberg Trade Report

U.S. Customs and Border Protection is requesting by March 23 comments on the proposed extension without change of CBP Form 3311, Declaration for Free Entry of Returned American Products. This form is used by importers and their agents when duty-free entry is claimed for a shipment of returned American products under the HTSUS. This form serves as a declaration that the goods are American made and that they have not been advanced in value or improved in condition while abroad, that the goods were not previously entered under a temporary importation under bond provision, and that drawback was never claimed and/or paid.

CBP is also requesting by March 23 comments on the proposed extension without change of an information collection concerning petroleum refineries in foreign-trade subzones. The Foreign Trade Zones Act permits refiners and CBP to assess the relative value of petroleum refinery products at the end of the manufacturing period when the actual quantities resulting from the refining process can be measured with certainty. CBP regulations require the operator of the refinery subzone to retain all records relating to such activities for five years after the merchandise is removed from the subzone. Further, the records must be readily available for CBP review at the subzone.

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