EOS Wants US To Refund Duties On Laser Imports

Law360, New York (September 1, 2009, 3:58 PM EDT) -- Laser machine retailer EOS of North America Inc. has sued the U.S. government, alleging that U.S. Customs and Border Protection misclassified duty rates on EOS' imported equipment and required the company to pay too much in import taxes.

EOS is a subsidiary of German company EOS GmbH that develops, manufactures and sells laser sintering machines, which should be duty free, according to a complaint lodged Monday in the U.S. Court of International Trade.

The company pays a 3.1 percent ad valorem rate of duty on the...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.