The Miscellaneous Tariff Bill: Up to $1.5 Million in Potential Duty Savings But New Steps Required to Benefit
On May 20, 2016, President Obama signed legislation restarting the Miscellaneous Tariff Bill (MTB) process, through which approved products imported into the United States receive tariff reductions or suspensions for up to three years. The new MTB process differs in several important ways from that used for past MTBs and starts with the filing of a formal petition with the US International Trade Commission (ITC). The ITC is expected to begin accepting petitions this coming October. However, given the types—and the volume—of information that petitioners will be expected to submit to the ITC, interested companies should begin preparing their petitions much earlier. Warren Payne and Tiffany Smith, experienced policy advisors from our Government Relations and International Trade practices, will discuss the new requirements and how companies can successfully navigate the new ITC petition process.