CIT Orders Customs To Cancel Shrimp Bonds

Law360, New York (October 22, 2010, 2:15 PM EDT) -- The U.S. Court of International Trade has ordered U.S. Customs and Border Protection to cancel excessive bonds taken from shrimp importers within 60 days, demanding the agency end its foot-dragging on the issue.

Judge Timothy C. Stanceu said Thursday that the affected importers — which had relatively high bonds assessed against them until the CIT declared them illegal — were having their business hurt by Custom's refusal to refund the bonds while it appeals the case.

“The public interest is not served by the discriminatory, arbitrary...
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