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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 duties are listed in the Harmonized Tariff Schedule of the United States.

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US Defends Bid to Toss Suit on 100% Section 301 Tariff Hike on Needles, Syringes
December 12, 2024 by Jacob Kopnick|Top News

The U.S. defended its motion to dismiss importer Retractable Technologies' suit against the Office of the U.S. Trade Representative's 100% Section 301 duty hike on needles and syringes, claiming that the Court of International Trade either doesn't have jurisdiction to hear Retractable's claims or that the company failed to state a claim on which relief can be granted (Retractable Technologies v. United States, CIT # 24-00185).

Topics:Court of International Trade activity, Country of origin cases
US Says No Contractual Term of 'Reasonableness' in Surety Bonds
December 11, 2024 by Jacob Kopnick|Top News

The government's cause of action against a surety runs from the date the surety breached the demand for payment on a customs bond and not from the date of liquidation, or deemed liquidation, of the underlying entries covered by the bond, the U.S. argued. Filing a cross-motion for judgment at the Court of International Trade on Dec. 9, the U.S. said it timely filed its case because the suit was brought within six years from the date surety firm Aegis Security Insurance Co. was delinquent on an over $100,000 bill for unpaid duties (United States v. Aegis Security Insurance Co., CIT # 22-00327).

Topics:Court of International Trade activity, Court of Federal Appeals Trade activity, CBP CROSS Rulings
Importer Gets Duty Free Treatment for Unworked Emeralds
December 10, 2024 by Jacob Kopnick|Litigation

Importer Fine Emeralds will get refunds for duties paid on its rough, unworked emerald stones, the company announced in a stipulated judgment filed on Dec. 9 at the Court of International Trade. While the emeralds were assessed 10.5% duties under Harmonized Tariff Schedule subheading 7103.10.40, the government agreed to classify the products under subheading 7103.10.20, free of duty. Fine Emeralds' preferred subheading covers uncorked precious stones (Fine Emeralds v. U.S., CIT # 20-03928).

Topics:Court of International Trade activity, Harmonized Tariff Schedule