The Craft Beverage Modernization Act has been big, good and not so confusing news for U.S.-produced alcohol beverages for about a year already. But when it comes to imported products, there has been lots of confusion, anxiety, and waiting. A lot of this, however, is coming into focus in recent weeks. Last month Customs released this document, to explain how the reduced tax rates will apply to imports. It, and some of the related documents, were not easy to follow. There is lots of talk about various spreadsheets and certifications, but they were not so easy to find, until very recently.
I am thinking about this topic because American Shipper published a good and clear article about all this on November 2, 2018. The entire article is here, and a few excerpts are below.
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In guidance released on Oct. 16, CBP announced the availability of three documents — the Craft Beverage Modernization Act (CBMA) spreadsheet, controlled group spreadsheet and assignment certification — required for importers to claim reduced tax rates for beer, wine and distilled spirits imported during 2018 and 2019, as set forth in the CBMA...