§4401 — Title 19 Customs Duties | U.S. Code

Summary

The Secretary of Homeland Security must put certain interest payments into the special account created under section 1675c(e). That money must be included in antidumping and countervailing duty distributions paid on or after February 24, 2016. Those distributions cover antidumping and countervailing duties that were assessed on or after October 1, 2000, for goods entered on or before September 30, 2007, and that on December 8, 2010 were not finally settled, not in court, and not under a Commerce liquidation order. The interest is the interest earned on those duties that U.S. Customs and Border Protection received on or after October 1, 2014 because of a customs bond (from a court order or a bond settlement, including surety payments). Interest includes amounts under sections 1677g and 1505(d) and equitable or court-awarded interest (including under section 580) against a surety. Antidumping duties mean duties under section 1673 or the Antidumping Act, 1921. Countervailing duties mean duties under section 1671.

Title 19, §4401

Customs Duties — Source: USLM XML via OLRC

(a)The Secretary of Homeland Security shall deposit all interest described in subsection (c) into the special account established under section 1675c(e) of this title (repealed by subtitle F of title VII of the Deficit Reduction Act of 2005 (Public Law 109–171; 120 Stat. 154)) for inclusion in distributions described in subsection (b) made on or after February 24, 2016.

(b)Distributions described in this subsection are distributions of antidumping duties and countervailing duties assessed on or after October 1, 2000, that are made under section 1675c of this title (repealed by subtitle F of title VII of the Deficit Reduction Act of 2005 (Public Law 109–171; 120 Stat. 154)), with respect to entries of merchandise that—

(1)were made on or before September 30, 2007; and

(2)were, in accordance with section 822 of the Claims Resolution Act of 2010 (19 U.S.C. 1675c note), unliquidated, not in litigation, and not under an order of liquidation from the Department of Commerce on December 8, 2010.

(c)(1)Interest described in this subsection is interest earned on antidumping duties or countervailing duties described in subsection (b) that is realized through application of a payment received on or after October 1, 2014, by U.S. Customs and Border Protection under, or in connection with—

(A)a customs bond pursuant to a court order or judgment; or

(B)a settlement with respect to a customs bond, including any payment made to U.S. Customs and Border Protection with respect to that bond by a surety.

(2)Interest described in paragraph (1) includes the following:

(A)Interest accrued under section 1677g of this title.

(B)Interest accrued under section 1505(d) of this title.

(C)Equitable interest under common law and interest under section 580 of this title awarded by a court against a surety under its bond for late payment of antidumping duties, countervailing duties, or interest described in subparagraph (A) or (B).

(d)In this section:

(1)The term “antidumping duties” means antidumping duties imposed under section 1673 of this title or under the Antidumping Act, 1921 (title II of the Act of May 27, 1921; 42 Stat. 11, chapter 14).

(2)The term “countervailing duties” means countervailing duties imposed under section 1671 of this title.

Notes & Related Subsidiaries

Editorial Notes

References in Text

section 1675c of this title (repealed by subtitle F of title VII of the Deficit Reduction Act of 2005), referred to in subsecs. (a) and (b), means section 1675c of this title, which was repealed by Pub. L. 109–171, title VII, § 7601(a), Feb. 8, 2006, 120 Stat. 154, and which related to an annual distribution to certain domestic producers known as the “continued dumping and subsidy offset”. Subsec. (e) of section 1675c related to special accounts established in the Treasury of the United States for certain antidumping and countervailing duty orders and findings. section 822 of the Claims Resolution Act of 2010, referred to in subsec. (b)(2), is section 822 of Pub. L. 111–291, which is set out as a note under section 1675c of this title. The Antidumping Act, 1921, referred to in subsec. (d)(1), is act

May 27, 1921, ch. 14, title II, 42 Stat. 11, which was classified generally to sections 160 to 171 of this title, and was repealed by Pub. L. 96–39, title I, § 106(a),

July 26, 1979, 93 Stat. 193.

§4401 Inclusion of Interest in Certain Distributions of Antidumping Duties and Countervailing Duties

Summary

Title 19, §4401

Notes & Related Subsidiaries

Editorial Notes

References in Text

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