Importers that utilize “blanket” certificates of origin covering an entire calendar year are reminded that renewals for 2021 must be in our possession by no later than December 31, 2020, to avoid any potential lapse in duty-free coverage under the United States-Mexico-Canada Agreement (aka Canada-US-Mexico Agreement).
As you should be aware, it is against Customs regulations to claim the USMCA/CUSMA preferential tariff status without possessing a valid certificate at the time of import for any entries with a Canadian value of $3,300 or more.
Failure to obtain renewed blanket certificates for 2021 from your vendor may result in the higher Most-Favored-Nation duty rate assessed on your imports effective January 1, 2021.
Duty refund claims under CUSMA, however, can be submitted within four years from the date of import into Canada, and within one year into the U.S. under USMCA.
Also, don’t overlook the fact that USMCA/CUSMA now allows importers to complete certificates of origin and claim duty-free status for their goods (subject to certain compliance requirements).
- USMCA-CUSMA: What Importers Need to Know
- Everything You Need to Know About USMCA Certificates of Origin
- Electronic USMCA-CUSMA-T-MEC Certificate of Origin (MS Excel format)
Need More Information?
Should you have questions about obtaining USMCA/CUSMA blanket origin certificates, don’t hesitate to contact our Global Trade Services Team.