Abstract
This Note argues that there are many reasons to believe that Congress did intend section 504 to operate as a penalty on Customs for failure to liquidate in a timely manner. Part I discusses the process by which imports are liquidated and how section 504 has been implemented. Part II examines how the CIT has interpreted the statute. Part III argues that the practice of Customs and the CIT's interpretation conflict with the congressional intent behind section 504. Finally, this Note concludes that in order to conform to Congress' intent, the importer's asserted rate should be given effect in deemed liquidation situations.
Recommended Citation
Lawrence M. Segan,
Deemed Liquidation: Whose Rate is this Anyway,
10 Fordham Int'l L.J. 689
(1986).
Available at: https://ir.lawnet.fordham.edu/ilj/vol10/iss4/3