CBP Reminds Trade to Pay Full Tax on Alcohol as CBMA Changes Take Effect Jan. 1
CBP reminded importers that changes to tax benefits under the Craft Beverage Modernization Act take effect for entries on or after Jan. 1, including a requirement that the full internal revenue tax rate be paid at entry, with refund claims…
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filed subsequently with the Alcohol and Tobacco Tax and Trade Bureau (see 2209220065), CBP said in a CSMS message. Even though the full tax must be paid, ACE will allow for payment of a lower rate, and “it is the responsibility of the importer/filer to ensure the proper IRT rate is declared and paid for imported merchandise,” CBP said. “Entries must be filed with the correct IRT as part of the importer’s obligation to exercise reasonable care and the broker’s responsibility to demonstrate responsible supervision and control over their Customs business,” the agency said.