Tufted Carpets Lose GSP Benefits

ORIA’s Washington legal counsel, Ms. Brenda Jacobs has reported that the U.S. Government announced a list of products that lost their GSP benefits as of July 1, 2012, and one of those products is Indian Tufted Carpets that come into the U.S. under HTSUS 5703.10.20. This change is effective immediately; therefore, any carpets from India that are presented for entry or withdrawn from warehouse for consumption as of July 2, 2012 under HTSUS 5703.10.20 are subject to duty.  The duty rate is 6 percent.

Author: editor

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