Memo: CBP

Memo from Pegasus Shipping Inc. CHB:

CBP provided an update regarding Exception to the Reciprocal Tariffs for shipments that loaded on vessel prior to April 5th 12:01am EDT and are in transit. The update states that the exemption will only apply to these shipments if the shipment is arriving AND released BEFORE May 27th, 2025 12:01 EDT.

Excerpt from the Customs message is below:
" Articles the product of any country that were (1) loaded onto a vessel at the port of loading and in transit on the final mode of transport prior to entry into the United States before 12:01 a.m. EDT on April 5, 2025, AND (2) are entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01 a.m. EDT on April 5, 2025.
To prevent importers from abusing the exception for goods that were in transit before April 5, 2025 when it is no longer realistic due to the passage of time, CBP will permit heading 9903.01.28 to be declared only for goods that are entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01 a.m. EDT on April 5, 2025, and before 12:01 a.m. EDT on May 27, 2025.


Author
H. Yang
LCB

News

Featured News at a Glance

MEMO: India Tariffs

US Customs has updated their system to reflect the removal of the 25% India/Russian oil tariff, and this is effective for shipments that arrived on or after Feb 7th, 2026.

Read More

MEMO: ACE PORTAL ACH Refund Authorization

US Customs regarding instructions on signing up for ACE PORTAL account and setting up the ACH Refund Authorization

Read More

Pegasus Market Update Q4 2025:No.23

Rates are moving down consistently from the increases assessed November 1, even with schedule being significantly reduced (see attached) - we expect rates to continue a flat to down trajectory for the remainder of the year and into 2026.

Read More

Pegasus Market Update Q3 2025: No.22

I hope everyone had a wonderful summer. While the dark clouds may be forming around the 4th quarter and international trade in general, remember that we, as an industry, are resilient and innovative. There is always a way... Funny enough, I had planned on sending this last month, but with the consistent changes from August through even today, it seemed like an exercise in futility, which is not my favorite exercise.

Read More