Prada Unit Challenges Trademark Royalty Duties

Law360, New York (May 24, 2010, 3:19 PM EDT) -- A European Prada SpA affiliate is taking the U.S. government to court over duty rates paid on imported footwear, saying an incorrect appraisal by U.S. Customs and Border Protection forced it to pay unnecessary trademark royalties.

Switzerland-based Prada Holdings BV says Customs' decision to appraise the merchandise at the price the plaintiff paid for it triggered a duty royalty that would have been avoided if the merchandise had been appraised at the initial factory sale price, according to a complaint lodged Friday in the U.S. Court...
To view the full article, register now.