STEEL REMISSION OPPORTUNITIES
AVAILABLE, BUT IF NOT AUTOMATIC, IT WILL BE A REAL WAITING GAME!
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We have written about Canada’s many different surtaxes on steel goods here and here , and Canada’s extension of some of these steel surtaxes (including horizontal tariff relief) here .
CANADA'S THIRD-PARTY STEEL SURTAX
HIGH SURTAX RATES APPLY FOR STEEL IMPORTS ABOVE QUOTA LIMITS
As a follow up to our Steel Derivative Surtax Report here, over the recent Christmas holidays Canada also quietly amended the Surtax on the Importation of Certain Steel Goods (the “3P Steel Surtax”) and put in place a Remission Order for the same over the holiday period.
In this report, we report on the application of the 3P Steel Surtax, highlighting the tonnage tariff rate quota (“TRQ”) rules, import permit requirements, and relief available surtax exceptions and the Remission Order.
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