News & Analysis as of

Customs and Border Protection Excise Tax

Troutman Pepper Locke

Drawback Claims Are Increasingly a Boon for Cigarette Importers

Troutman Pepper Locke on

Importers of smoking tobacco products, particularly cigarettes, are increasingly saving millions in federal excise taxes by employing a refund mechanism known as the “drawback.”...more

Troutman Pepper Locke

$11M Cigarette Drawback Dispute Could Have Significant Consequences for FTZ Importers

Troutman Pepper Locke on

In August, North Carolina-based cigarette importer, King Maker Marketing Inc., challenged a decision by U.S. Customs and Border Protection (Customs) that rejected its claims for more than $11 million in drawback duties as...more

Akin Gump Strauss Hauer & Feld LLP

Red Notice Newsletter - February 2019

ANTICORRUPTION DEVELOPMENTS - DOJ Unseals Indictment of Two More Individuals Connected With PDVSA Corruption Scheme - On February 26, 2019, the U.S. Department of Justice (DOJ) announced the unsealing of an indictment...more

McDermott Will & Schulte

Further CBP Guidance on Craft Beverage Modernization Act

McDermott Will & Schulte on

Earlier this week, US Customs and Border Protection (CBP) issued further guidance on the procedures for importers to take the lower tax rates and credits available under the Craft Beverage Modernization Act (CBMA)....more

McDermott Will & Schulte

New CBMA Guidance Further Clarifies Excise Tax Rules for Imported Beverages

Last week Customs & Border Protection (CBP) issued additional guidance on the Craft Beverage Modernization Act (CBMA) rules for applying the CBMA lower excise tax rates (for beer and distilled spirits) and credits (for wine)...more

McDermott Will & Schulte

Customs and Border Protection Interim Regulations for Refunds of Excise Taxes on Imported Beer, Wine and Spirits

US Customs and Border Protection (CBP) expects to publish tomorrow Interim Regulations authorizing the refund of beer, wine, and spirits excise taxes in connection with the 2017 tax reform act’s reduced rates and credits...more

McDermott Will & Schulte

CBP Issues Guidance on Alcohol Excise Tax Provisions

On June 27, 2018, Customs & Border Protection (CBP) issued Guidance on the alcohol excise tax provisions contained in the Tax Cuts & Jobs Act (Tax Act). Key points: 1.Importers must continue to pay the full excise tax rate...more

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