Collection of Assessments on Imported Softwood Lumber
This week CSMS #42894478 was issued regarding the “New Process for the Automated Collection of Assessments by CBP on Imported Softwood Lumber Covered under the Softwood Lumber Checkoff.”
Beginning July 1, 2020, U.S. Customs and Border Protection (CBP) will collect assessments on imported softwood lumber covered under the Softwood Lumber Checkoff. Under the Checkoff, assessments are collected from importers of record and U.S. manufacturers of softwood lumber. The assessments are used by the SLB for projects that promote market growth for softwood lumber products used in single and multi-family dwellings, as well as commercial construction.
The current assessment rate is $0.35/thousand board feet, and all companies are exempt from paying assessments on their first 15 million board feet (mmbf) shipped to, or within, the U.S. for the products covered.