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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowU.S. manufacturers who use certain imported materials might soon be eligible for federal tariff relief.
Currently, manufacturing imports are subject to full duty payments. But starting this fall, manufacturers will have a way to seek relief from duties on imported goods used in production. Materials eligible for relief include those that are either not available in the United States or are available in insufficient quantities.
The International Trade Commission is expected to finalize the process by Oct. 15, when manufacturers can submit petitions, according to Bose Public Affairs Group’s Penny Farthing and Patty Power.
Farthing is a senior adviser and Power is senior vice president of federal relations. Both work in Washington, D.C., for Bose, which is based in Indianapolis.
But, Farthing and Power write, “simply submitting the form is not a foregone conclusion of tariff relief. The submitted petition has to be analyzed by the ITC to verify that the business truly has exhausted all options and cannot obtain the goods in sufficient quantities in the United States.”•
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