Two Minutes in Trade – July 8, 2019 – List 3 & the Liquidation Process

Today’s TMIT is a warning to importers either pursuing section 301 tariff exclusion requests or believe they will be able to take advantage of an exclusion. In order to maximize potential refunds, importers must be mindful of the liquidation cycle. Once an entry of merchandise has liquidated and the protest period expires, there is no avenue for section 301 tariff refunds.