Customs Agrees To Refund GE Turbine Blade Tariffs

Law360, New York (February 1, 2010, 6:01 PM EST) -- The U.S. government has agreed to refund certain tariffs assessed on General Electric Wind Energy LLC's wind turbine blades at the Port of Houston, resolving a lawsuit GE filed against U.S. Customs and Border Protection last year.

Judge Evan J. Wallach of the Court of International Trade approved a stipulation between the parties on Monday that the blades would be classified as parts of “other engines and motors” rather than parts of generators under Customs' tariff schedule, reducing the duty on them from 3 percent to...
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.