09-07-2021, 11:35 PM
lazyengineer Wrote:That's the detail we're all trying to figure out. Existing permits will continue to be honored, but what does that mean? Do existing importers retain an eternal importation permit for an unlimited quantity? Or is it a case where the current permits are defined in both duration and content; not to be renewed. And so will the supply will dry up in as little as a few months?
That's the big detail I'm certainly curious about!
From what I've read, the permits are for a 24 month duration when issued.
So it all depends on when an importer last applied for a permit. If it was 2 years ago, then their permit is about to expire and won't be renewed. If they got lucky and applied for a permit right before this happened, then it's going to be some time before the permit expires.