Class 9 bonded warehouse procedures amended
U.S. Customs and Border Protection published final amended regulations for the operation of Class 9 bonded warehouses, also known as 'duty-free sales enterprises' or 'duty-free stores.'
The agency said the regulations, effective Jan. 28, will extend the blanket withdrawal procedure for duty-free merchandise under certain conditions and expand and create a uniform time period for Class 9 facilities operators to file an entry; provide written confirmation of certain shortages, overages, and damages; and pay duties, taxes, and interest on overages and shortages.
The agency also said the regulation 'sets forth technical amendments to the applicable regulations to extend the time period for which merchandise may remain in a bonded warehouse under certain circumstances.'
CBP said the amendments will 'facilitate the efficient operation of Class 9 warehouses' and ensure sufficient recordkeeping is maintained for trade enforcement purposes.
To read the final rule, access the Federal Register.