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May 22, 2019
2019-0975

Canada imposes final safeguard measures on imports of heavy steel plate and stainless-steel wire

The final safeguards are in the form of a tariff rate quota (TRQ), effective from May 13, 2019 to October 24, 2021. Importers will need to apply for shipment-specific permits, issued by Global Affairs Canada, to obtain access to the quota. The safeguard surtax applies to goods released from a customs bonded warehouse or sufferance warehouse on or after May 13, absent a specific permit for the goods. Imports exceeding the quantity of a specific permit at the time of accounting or imports that do not have a specific permit will be subject to a safeguard surtax on the value for duty of the goods, determined in accordance with sections 47 to 55 of the Customs Act.

A Tax Alert prepared by Ernst & Young Canada, and attached below, provides additional details.

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Full text of this Tax Alert

 

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