Reducing Tariffs Through the Miscellaneous Tariff Bill (MTB) Process
On Tuesday, October 22nd at 2:00 PM (EST), SFIA hosted a webinar, “Reducing Tariffs Through the Miscellaneous Tariff Bill (MTB) Process” with John Brew, Partner at Crowell & Moring LLP.
CLICK HERE TO WATCH THE WEBINAR RECORDING & VIEW THE PRESENTATION SLIDES
With the increased tariffs from trade wars, companies are looking for opportunities to reduce tariff liabilities on imports. The good news is that importers may file for tariff relief under the Miscellaneous Tariff Bill (MTB) process. On October 11, the International Trade Commission (ITC) started accepting petitions that request tariff relief on specific imported products. Parties only have 60 days to file MTB petitions. The main requirement for petitions is that there cannot be 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 member 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.
This webinar examines:
— The MTB process, timeline and government players, including ITC, Customs, Commerce and Congress
— How to select products eligible for MTB benefits
— Information required to obtain MTB benefits
— How to handle domestic opposition challenges
— How to ensure proper product descriptions and classifications
CLICK HERE TO WATCH THE WEBINAR RECORDING & VIEW THE PRESENTATION SLIDES
To participate in the SFIA MTB petition process, please fill out the questionnaire form (click here) and send it back to Chandler Hoffman at choffman@sfia.org.
Please note:
Each MTB petition submitted (once reviewed & confirmed by SFIA) is $2,000 for members and $6,000 for non-members. All petitions are due to SFIA by November 30, 2019. If you do not file by November 30th, the next MTB window will not open for another 3 years.
