US GOVERNMENT ANNOUNCED FURTHER AMENDMENTS TO CUBA SANCTIONS REGULATIONS

Today, Oct 14th 2016, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) and the Department of Commerce’s Bureau of Industry and Security (BIS) are announcing new amendments to the Cuban Assets Control Regulations (CACR) and Export Administration Regulations (EAR), respectively.

The changes will take effect on Octcuban-americans-missionober 17, 2016, when the regulations are published in the Federal Register.

Among other changes, OFAC is removing the monetary value limitations on what authorized travelers may import from Cuba into the United States as accompanied baggage.  This includes the value limitation on alcohol and tobacco products. (Previously, Licensed US travelers were allowed to return to the U.S. with purchases of up to $400.00 USD, including $100.00 USD worth of Cuban cigars and spirits.)

Persons subject to U.S. jurisdiction will be further authorized to import Cuban-origin merchandise acquired in third countries into the United States as accompanied baggage, again without value limitations.

OFAC is also removing the prohibition on foreign travelers importing Cuban-origin alcohol and tobacco products into the United States as accompanied baggage.  In all cases, the Cuban-origin goods must be imported for personal use, and normal limits on duty and tax exemptions will apply.