Welcome
International Trade News

Rule Limiting Excise Tax Refund for Wine Traders Is Unlawful (1)

Jan. 27, 2020, 2:52 PMUpdated: Jan. 27, 2020, 7:57 PM

A Trump administration regulation designed to eliminate a tax benefit for companies that import and export wine was struck down by the U.S. Court of International Trade in a decision preserving millions of dollars in benefits annually for the wine industry.

The ruling was a win for the National Association of Manufacturers and the Beer Institute, an industry association.

The U.S. imposes excise taxes on certain domestically consumed goods, including alcohol, tobacco, and petroleum products. The U.S. also allows importers in certain circumstances to claim a drawback, which is a refund of the taxes, fees, and duties paid on their...

To read the full article log in. To learn more about a subscription click here.