As reported earlier this month, effective January 25, 2021, a license issued by the U.S. Department of Commerce will be required for certain aluminum products imported into the United States.
The licensing requirement is part of a newly developed Aluminum Import Monitoring and Analysis (AIM) system that is designed to better track potential import surges that could be harmful to domestic producers, while also enhancing U.S. Customs and Border Protection's capabilities when it comes to the enforcement of antidumping/countervailing duty orders and various other trade actions.
Aluminum products covered by AIM (listed in Annex II and also described here) include unwrought aluminum, bars, rods, profiles, wire, plates, sheets, strip, foil, tubes, pipes, fittings, castings, forgings, etc., provided for by HTS codes 7601, 7604-7609, 7616.99.5160 and 7616.99.5170.
- Informal Entries: Shipments valued at less than $2,500 USD and meeting the requirements to be entered under an informal consumption entry will not require an Aluminum License.
- Low-Value Licensing: Imports of aluminum products valued at less than $5,000 USD are subject to reduced reporting requirements under the Low-Value License. Under this provision, the license number can be used multiple times for the same importer of record, until the $5,000 USD threshold is met.
In recent weeks, GHY USA has been conducting outreach to clients that are likely to be affected by the new Commerce requirement, providing them with reports indicating the lines of data that will need an AIM license starting January 25. If you have not yet been contacted in this regard, please get in touch with us to schedule a meeting at the earliest possible opportunity to review the new requirements and costs involved.
Note: The AIM license application system is already available for early registration.
Need More Information?
Should you have any questions about this new licensing requirement, don’t hesitate to contact one of our knowledgeable trade experts.