U.S. Customs and Border Protection (CBP) has issued a document, entitled "Clarification to July 9, 2004 Amended Monetary Guidelines for Setting Bond Amounts for Special Categories of Merchandise Subject to Antidumping and/or Countervailing Duty Cases" in order to provide for the consideration of certain factors that are relevant for determining duty risk when setting the amount of the continuous bond required for certain importers of merchandise subject to antidumping (AD) or countervailing (CV) duty cases.
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.
U.S. Customs and Border Protection (CBP) has issued a revised version of its informed compliance publication (ICP) entitled, "Bona Fide Sales & Sales for Exportation to the U.S."
The Journal of Commerce (JoC) has reported that the terminals of Los Angeles/Long Beach are exempt from the Lowenthal Law, a California law that fines terminal operators $250 every time a truck has to wait more than 30 minutes to enter a marine terminal. According to JoC, when the PierPass program was launched on July 23, 2005, all international container terminals in the port complex became open more than 70 hours per week, which exempts them from the fine. (JoC Pub 08/08/05, available at www.joc.com)
The International Trade Administration (ITA) has issued its final results of the antidumping (AD) duty administrative reviews of stainless steel bar from France and Italy for the period of March 1, 2003 through February 29, 2004.
(Review Period: 01/26/04 - 07/31/05)
U.S. Customs and Border Protection (CBP) has issued a general notice that announces changes in its National Customs Automation Program (NCAP) test concerning periodic monthly deposit of estimated duties and fees.
Effective July 27, 2004, the International Trade Administration (ITA) is revoking the antidumping (AD) duty orders on certain stainless steel sheet and strip in coils from France and the United Kingdom, as the International Trade Commission (ITC) determined that revocation would not likely lead to continuation or recurrence of material injury to an industry in the U.S. within a reasonably foreseeable time.
The International Trade Administration (ITA) has initiated new shipper reviews for the antidumping (AD) duty order on honey from China with respect to the following exporters/producers and review period:
The Japanese Government has issued a press release announcing its determination to begin imposing on September 1, 2005 retaliatory sanctions on certain U.S. products in 15 Harmonized System (HS) codes in light of the U.S.' failure to repeal the Byrd Amendment.
U.S. Customs and Border Protection (CBP) has issued an administrative message stating that the duration of the regularly scheduled ACS system outage for August 6, 2005 will be extended by approximately two hours to accommodate routine file maintenance. As a result, the outage will begin at 0500 hours on Saturday and end no later than 0900 hours, Eastern Daylight Savings Time. During this outage, transactions submitted to any of the ACS systems, ABI, Air-AMS or Ocean/Rail AMS will be queued for processing, but will not be processed and replied to until the outage is concluded. (Adm: 05-0896, dated 08/03/05, available at http://www.brokerpower.com/cgi-bin/adminsearch/admmsg.view.pl?article=2005/2005-0896.ADM )