6165 Barfield Road
Atlanta GA, 30328
United States
Tel: +1 (770)688-1206
Fax: +1 (770)688-1229
The Craft Beverage Modernization Act (CBMA) of the Internal Revenue Code (IRC) provide for reduced rates or tax credits for certain quantities of beer, wine and distilled spirits produced in or imported into the U.S. Recent changes have transferred the responsibility for administering the CBMA tax benefits from U.S. Customs to the Alcohol, Tobacco Tax & Trade Bureau (TTB) The changes begin with products entered for consumption in the U.S. on or after January 1, 2023.
Accordingly, TTB is publishing a temporary rule implementing these provisions and providing procedures for foreign producers and importers. TTB is also publishing a notice of proposed rule making to obtain comments on the provisions in the temporary rule. Comments are due by November 22, 2022.
September was a busy month for JAS Forwarding (USA) Inc. Compliance team members.
Laurie Arnold and Leah Ellis attended the NCBFAA (National Customs Brokers and Forwarders Association of America) GAC (Government Affairs Conference). During the conference, Laurie and Leah "walked the hill" and met with numerous congress members to discuss industry issues.
Scott Cassell spent time with clients in Newark, NJ along with J. Nathan May, Regional Sales Director to facilitate training on the HTS GRI (Harmonized Tariff Schedule General Rules of Interpretation) and Incoterms 2020.
Our October spotlight of the month is Rishma Patel from our Atlanta branch, where Rishma has been with JAS since 1997. Rishma has been in the industry for 32 years. She is the CHB Manager and Licensed Customs Broker responsible for the JAS Atlanta/College Park location.
Rishma's favorite sports are cricket, volleyball, tennis and badminton. In her spare time, she enjoys painting, drawing and food carving.
Rishma's dedication is yet another example that People Make the Difference!
The USTR (US Trade Representative) announced that they are proposing to increase Section 301 tariff rates on five subheadings of the HTSUS covering certain products of tungsten, wafers, and polysilicon.
The public docket was opened to allow for comments. All comments should be submitted by October 22, 2024.
To read more, check out the link below:
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