The European Union (EU) has issued a press release announcing that the World Trade Organization (WTO) Appellate Body has upheld a previous ruling by a WTO dispute settlement panel (DSP) that certain transitional and grandfathering clauses in the American JOBS Creation Act of 2004 (Jobs Act, Public Law 108-357) illegally preserve the U.S.' WTO-prohibited foreign sale corporation/extraterritorial income (FSC/ETI) export subsidies.
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 Administration (ITA) has made a preliminary affirmative determination that countervailable subsidies are being provided to producers and exporters of certain lined paper products from India.
The International Trade Administration (ITA) has issued the final results of its antidumping (AD) duty administrative review of saccharin from China for the period of December 27, 2002 through June 30, 2004.
American Shipper reports that since February 2005, representatives from six ocean carriers and a committee of the National Customs Brokers and Forwarders Association of America (NCBFAA) have been meeting and while these meetings have not yet resulted in tangible progress, the article states that the fact that the two sides are talking constructively is a major step in resolving their differences. (American Shipper, dated 12/05, www.americanshipper.com.)
The International Trade Administration (ITA) has made a preliminary affirmative determination that countervailable subsidies are being provided to producers and exporters of certain lined paper products from Indonesia.
The International Trade Commission (ITC) has released its report entitled The U.S. Oman Free Trade Agreement: Potential Economywide and Selected Sectoral Effects.
U.S. Customs and Border Protection (CBP) has issued an administrative message announcing that port 2770, DHL (Los Angeles), has been removed from the list of approved remote location filing (RLF) ports. RLF filers may transmit entries to Port 2704 or 2720. (Adm: 06-0200, dated 02/08/06, available at http://www.brokerpower.com/cgi-bin/adminsearch/admmsg.view.pl?article=2006/2006-0200.ADM)
In the February 1, 2006 issue of the U.S. Customs and Border Protection Bulletin (CBP Bulletin) (Vol. 40, No. 6), CBP issued a notice proposing to revoke two classification rulings on a radiotelephony base station cabinet and a noise-limiting hood. CBP states that it is also proposing to revoke any treatment it has previously accorded to substantially identical transactions.
Effective June 2, 2005, the International Trade Administration (ITA) is revoking the antidumping (AD) duty order on certain internal combustion industrial forklift trucks from Japan, as the International Trade Commission (ITC) has determined that revocation of this AD duty order would not be likely to lead to continuation or recurrence of material injury to an industry in the U.S. within a reasonably foreseeable time.
On February 6, 2006, President Bush transmitted to Congress his fiscal year (FY) 2007 budget. (FY 2007 is from October 1, 2006 through September 30, 2007.)