U.S. companies can seek new customs duty savings under new Miscellaneous Tariff Bill (MTB) — existing MTB duty suspensions or reductions must be reintroduced

On 30 March 2012 the House Ways and Means Committee and the Senate Finance Committee announced the initiation of the process for members of Congress to introduce individual duty suspension bills to be considered for inclusion in the new MTB. The start of the congressional process provides companies with the opportunity to seek inclusion of specific products into the House and Senate versions of duty suspension legislation, expected to be approved be the 112th Congress.

Read: "U.S. companies can seek new customs duty savings under new Miscellaneous Tariff Bill (MTB) — existing MTB duty suspensions or reductions must be reintroduced"


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