ITC Publishes Federal Register Notice for MTB Petition Procedure
On Friday, October 11, the International Trade Committee (ITC) will start accepting petitions that request tariff relief on specific imported products. Parties only have 60 days to file Miscellaneous Tariff Bill (MTB) petitions. The main requirement for petitions is that there cannot be means of US production of the product for which relief is sought. This new MTB process is the second time that the ITC has accepted petitions for tariff relief. In 2018, relief was granted to over 1,000 petitions, and SFIA helped its members obtain tariff relief on over 60 different products. Because the relief granted in 2018 expires at the end of 2020, the ITC is accepting petitions that renew the past relief provided as well as petitions seeking new relief. All petitions for MTB products are due December 10, 2019.
What is MTB?
The Miscellaneous Tariff Bill is a measure that creates temporary provisions in HTS chapter 99 in order to provide duty suspensions or duty reductions for specific classes of imported products.
This is a chance to lessen companies’ tariff exposure.
***SFIA will be working with industry companies yet again to submit MTB petitions. SFIA’s MTB Petition Process will be announced soon!
Email Chandler Hoffman @ firstname.lastname@example.org if you want to learn more about the process.
Product previously granted tariff relief included: Golf Clubs, Tennis Racquets, Baseball Batting Gloves, Boxing Gloves, Mouthguards, Tetherballs, Exercise mats, Basketballs, Volleyballs, Exercise Cycles, Shoe Insoles and others. For the full list of items granted relief in 2018, click here.
To learn more about MTB and the process to file petitions, join us for a FREE webinar on October 22nd at 2:00 pm (EST). There will be a live Q&A following the presentation. Click here to register.
For the official notice, published by the ITC, click here.