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A bill to provide for the liquidation or reliquidation of certain entries of products of European Union member states, and for other purposes.
12/7/2023, 5:06 PM
Summary of Bill S 2343
The bill outlines specific procedures and criteria for determining when and how these entries should be liquidated or reliquidated. It also includes provisions for the collection of duties and other fees related to these entries.
Additionally, the bill addresses other related issues and purposes, although specific details are not provided in the summary. It is important to note that this bill is non-partisan and aims to address practical and administrative matters related to trade with European Union member states. Overall, Bill 118 s 2343 seeks to provide a clear and efficient process for handling imported products from European Union member states, ensuring compliance with relevant regulations and duties.
Congressional Summary of S 2343
For Accurate Import Relief To Aid Retailers and Importers of Foreign Freights Act of 2023 or the FAIR TARIFF Act of 2023
This bill provides for the liquidation or reliquidation of certain entries of products (e.g., wine, spirits, and food) of European Union countries imported into the United States during specified time periods.
A request for liquidation or reliquidation must be filed with U.S. Customs and Border Protection (CBP). A request must contain sufficient information for CBP to (1) locate the entry or, if the entry cannot be located, reconstruct the entry; and (2) verify the eligibility of the request.
Further, CBP must develop and make publicly available an application process for requesting these refunds.
The bill also requires the U.S. Trade Representative to provide advance notice with respect to certain increases in tariff rates.
