In the June 7, 2006 issue of the U.S. Customs and Border Protection Bulletin (CBP Bulletin) (Vol. 40, No. 24), CBP issued notices: (a) modifying a classification ruling on necklaces of plastic beads with metallic paint, and (b) revoking a classification ruling on a certain base metal medallion. CBP states that it is also revoking any treatment it has previously accorded to substantially identical transactions.
Customs Duty
A Customs Duty is a tariff or tax which a country imposes on goods when they are transported across international borders. Customs Duties are used to protect countries' economies, residents, jobs, and environments, by limiting the flow of imported merchandise, especially restricted and prohibited goods, into the country. The Customs Duty Rate is a percentage determined by the value of the article purchased in the foreign country and not based on quality, size, or weight.
The International Trade Commission (ITC) has issued a final report to the President in connection with its investigation of proposed modifications to the Harmonized Tariff Schedule (HTS) that are expected to take effect on January 1, 2007.
Pursuant to the Offset Act1, also known as the Byrd Amendment, U.S. Customs and Border Protection (CBP) has issued a notice in the Federal Register of its intent to distribute assessed antidumping (AD) or countervailing (CV) duties for Fiscal Year (FY) 2006. Written certifications to obtain a continued dumping and subsidy offset under a particular AD/CV order must be received by July 31, 2006.
Fourth Quarter FY 2006 Interest Rates Increased for Overpayments and Underpayments of Customs Duties
According to an Internal Revenue Service (IRS) press release, the interest rates for the fourth quarter of fiscal year (FY) 2006 (July 1, 2006 - September 30, 2006) for overpayments and underpayments of Customs duties are:
The International Trade Commission (ITC) has issued a final report to the President in connection with its investigation of proposed modifications to the Harmonized Tariff Schedule (HTS) that are expected to take effect on January 1, 2007.
The International Trade Commission (ITC) has issued a final report to the President in connection with its investigation of proposed modifications to the Harmonized Tariff Schedule (HTS). This report is entitled, Proposed Modifications to the Harmonized Tariff Schedule of the U.S.
The International Trade Administration (ITA) has issued the final results of its antidumping (AD) duty administrative review of certain hot-rolled flat-rolled carbon-quality steel products from Japan for the period of June 1, 2004 through May 31, 2005.
U.S. Customs and Border Protection (CBP) has issued a general notice on the use of the periodic monthly statement (PMS) process to pay estimated duties and fees when filing a single entry involving split shipments under 19 CFR 141.57, or a single entry involving unassembled or disassembled entities imported on multiple conveyances under 19 CFR 141.58.
The International Trade Administration (ITA) has issued its final results of the antidumping (AD) duty changed circumstances review of certain forged stainless steel flanges from India.
The International Trade Administration (ITA) has preliminarily determined that certain candles composed of petroleum wax and over fifty percent or more palm and/or other vegetable oil-based waxes (mixed-wax candles) are circumventing the antidumping (AD) duty order on petroleum wax candles from China.