Customs Lowers Bond Amounts For Shrimp Importers

Law360, New York (June 24, 2010, 6:40 PM EDT) -- U.S. Customs and Border Protection has reduced the continuous entry bond amounts imposed on shrimp importers subject to anti-dumping duties, complying with a U.S. Court of International Trade request.

In remand results filed Wednesday in the CIT, Customs said it was lowering the bond amounts “under protest” because it believed it was contrary to sound administrative procedure to change them retroactively.

Judge Timothy C. Stanceu remanded the entry bond determinations on May 26, telling Customs to go back to the drawing board to determine an entry...
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.