Question

What is the Statute of Limitations for the U.S. Government to collect duties from a company...

What is the Statute of Limitations for the U.S. Government to collect duties from a company importing goods into the U.S.?

Homework Answers

Answer #1

1. The countries who have Normal Trade Relations with the United states and have duty free status in the special column of the tariff, U.S. Government cannot collect duties on the goods imported from these countries.

2. Importer can file a protest and application if they disagree with the dutiable status of the goods while entry into the United States.

3. Goods which are not imported for sale or comes under TIB that is Temporary Importation Under Bond can enter the United States without paying any duties.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
What is the purpose of the statute of limitations? CASE STUDY 14 FACTS: On March 9,...
What is the purpose of the statute of limitations? CASE STUDY 14 FACTS: On March 9, 1993, the plaintiff suffered from a sore neck while at work as a nurse anesthetist at the hospital. The pain increased throughout the day and, after having difficulty sleeping because of the pain, the plaintiff visited the emergency department at the hospital in the early morning of March 10, 1993. While in the emergency department, the plaintiff was examined by a physician, who suggested...
The primary revenue source of the U.S. federal government is the income tax. What makes income...
The primary revenue source of the U.S. federal government is the income tax. What makes income desirable to tax from a government point of view? Why might it be bad to tax income? Should the U.S. switch to taxing goods with negative externalities associated with them, such as gasoline and alcohol instead? Why or why not?
If the reason for imposing tariffs is to collect government revenue, what would be the better...
If the reason for imposing tariffs is to collect government revenue, what would be the better policy in that case? Show this graphically.
WHAT ARE SOME OPPOSING VIEWS FROM THE U.S. GOVERNMENT OR INSURANCE COMPANIES ON WHY A SINGLE-PAYER...
WHAT ARE SOME OPPOSING VIEWS FROM THE U.S. GOVERNMENT OR INSURANCE COMPANIES ON WHY A SINGLE-PAYER OR UNIVERSAL HEALTHCARE WOULD NOT BE EFFECTIVE IN THE U.S. ?
Describe what happens to the supply and/or demand curves for U.S. dollars under the following scenarios....
Describe what happens to the supply and/or demand curves for U.S. dollars under the following scenarios. In each scenario, does the U.S. exchange rate appreciate or depreciate, and what happens to the U.S. balance of trade? a. Bollywood movies become extremely popular in the United States, increasing demand for foreign movies. A.The U.S. exchange rate will _________________ and net export ______________. What does the graph do? b. The U.S. government forces all government offices to purchase American-made computer products, instead...
4. Imported goods from China into the U.S. have historically been very attractive to U.S. consumers....
4. Imported goods from China into the U.S. have historically been very attractive to U.S. consumers. With a 20 percent tariff (tax) on Chinese goods into the U.S. and a Chinese government response the future flow of goods is uncertain. a. Explain in macroeconomic terms what effects the U.S. tariff/tax (alone) is expected to have in China on its GDP and inflation in 2018. b. Explain in macroeconomic terms what effects the combined U.S. actions and responses from China will...
Why are U.S. government securities viewed differently from state and local government securities in terms of...
Why are U.S. government securities viewed differently from state and local government securities in terms of default risk?
Name a company what's the nature of the business? what are their strengths and limitations? what...
Name a company what's the nature of the business? what are their strengths and limitations? what are their sources of funding?
5. In a floating exchange rate regime between Japan and the U.S, what happens to the...
5. In a floating exchange rate regime between Japan and the U.S, what happens to the dollar in the following cases a. An increase in the purchase of electronic equipment’s from Japan Is it collect answer? A. When the U.S buys more electronics from Japan, the demand for the Japanese yen will rise and the U.S currency will depreciate because more yen is needed to buy Japanese goods and the U.S will have to convert its currency by selling U.S...
If the U.S. government decides to reimpose a higher tariff on the importation of Australian goods,...
If the U.S. government decides to reimpose a higher tariff on the importation of Australian goods, what would be the change in the exchange rate of USD/AUD? Discuss the reason(s).