CBP Releases Proposed Rules for Drawback

CBP released its proposed rulemaking for updated drawback regulations under the Trade Facilitation and Trade Enforcement Act. The long-awaited rulemaking had been held up for months while the Treasury Department and Office of Management and Budget reviewed its provisions.

The rules are scheduled for publication in the Federal Register on Aug. 2, with comments due 45 days after that.

A Court of International Trade judge recently ruled that the government missed a statutory deadline for issuing the regulations as part of a lawsuit over whether CBP is improperly not processing requests for accelerated payment. Lawmakers also recently called on the agencies to quickly move forward with the regulatory proposal.