Non-Reimbursement Statements
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AD/CVD orders aim to level the playing field for the domestic sector affected by cheap production.
High duties are imposed to protect US industries from the adverse effects of cheap imports.
A Non-Reimbursement Statement confirms that the Supplier/Manufacturer is not offsetting ADD/CVD expenses on the product.
Importers may face severe fines and other legal measures.
It is required when an item comes from a nation covered by an AD/CVD order. Blanket instructions are valid for one year after signing.
They may be given out as general instructions for a certain product or per entry.
The main keyword for optimization is AD/CVD orders.
To level the playing field for the domestic sector that was affected by the cheap production of that item, AD/CVD orders are issued with high duties to protect US industries. An accompanying Non-Reimbursement Statement stating that the Supplier / Manufacturer is not offsetting the ADD/CVD expenses assessed against that product is required when an item is coming from a nation that is covered by an AD/CVD order. The importer may be subject to severe fines and other legal measures if customs discovers that these charges are offset in any way by a supplier or manufacturer. A proper non-reimbursement statement is what? Non-reimbursement statements may be given out as general instruction for a certain product or given out per entry. Blanket instructions are only valid for a year after they are signed.
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