May 01, 2018
Dear Valued Customer:
South Korean Steel Mill Products Subject to Absolute Quota Effective May 01, 2018
According to Quota Bulletin 18-118 (Amended), on April 30, 2018, the President issued a Presidential Proclamation under Section 232 of the Trade Act of 1974 providing for an absolute quota for Steel Mill Articles from South Korea, effective for goods entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01 a.m. eastern daylight time on May 1, 2018. For your convenience, the quota bulletin is recreated below.
COMMODITY: Steel mill articles as specified in Presidential Proclamation
QUOTA PERIOD for Steel Mill Articles: January 1, 2018, through December 31, 2018, and subsequent annual periods.
RESTRAINT LEVEL: For steel mill articles, an annual aggregate quantity (see list). Imports from South Korea in an aggregate quantity under any such subheading below during any of the periods January through March, April through June, July through September, or October through December in any year that is in excess of 30 percent of the total aggregate quantity provided for a calendar year for such country, as set forth on the Internet site of Customs, shall not be allowed.
Absolute quota merchandise may not be imported into the U.S for consumption after quota limit is reached, per [19 CFR 132.5]. Options after the quota limit is reach, include warehouse, foreign trade zone, exportation or destruction.
REPORTING INSTRUCTIONS: Steel mill articles should continue to be filed as quota entry types until further instructions are provided.
SPECIAL INSTRUCTIONS Steel Mill Articles (Absolute quota): For South Korea absolute quota categories that have already filled/closed, no entry for consumption is permitted where the limit has already exceeded the quota for the 2018 quota period. Quota categories that are already filled or closed are shown in bold below.
For the purposes of administering the quantitative limitations applicable to subheadings 9903.80.05 through 9903.80.58, the following annual aggregate limits shall apply for the period starting with calendar year 2018 and for subsequent years, unless modified or terminated:
SOUTH KOREA: Iron or steel products of South Korea enumerated in U.S. note 16(b) to this subchapter, if entered in aggregate quantities prescribed in subdivision (e) of such note for any calendar year starting on January 1, 2018 and for any portion thereof as prescribed in such subdivision (e).
For a complete listing of steel commodities and their quota quantitative limits listed by tariff number, please see the chart at the bottom of this web page:
NOTIFICATION: Quota Bulletins (QB) are posted on CBP.gov, quota page and updated as determined by future announcements. The trade may track the status of tariff rate quotas provided in the weekly Commodity Status Report at https://www.cbp.gov/trade/quota/tariff-rate-quotas.
Questions from the importing community regarding this electronic message should be referred to the appropriate CBP port/center.
Per our previous customer newsletter, please also be aware that S. Korean aluminum products are subject to Section 232 duties effective May 1, 2018.
Thank you for your attention and cooperation. If you have any questions, please contact your nearest JJB representative.
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