Tuesday, March 13, 2012
Customs and Border Protection has posted the instructions for making claims under the U.S.-Korea Free Trade Agreement. Thad document is here. The crazy thing, which I mentioned in an earlier post, is that the rules of origin are based on the 2002 Tariff Schedule and have not been updated for the 2007 or 2012 revisions. As a result, CBP is instructing importers and certifiers to analyze their products under the 2002 rules and to indicate both the 2002 and 2012 tariff classifications.