US Asks CIT To Nix BP's Bid For Oil Duty Refunds

Law360, New York (March 9, 2011, 2:40 PM EST) -- The U.S. government asked a federal court Tuesday to squash a suit seeking to recoup taxes, fees and duties that a BP PLC subsidiary paid on its crude oil exports and imports.

In a motion filed in the U.S. Court of International Trade, the government slammed BP Oil Supply Co.'s suit and subsequent motion for summary judgment, saying the oil giant failed to show it deserved the customs drawbacks.

BP imports oil to the U.S. from countries around the world — including Nigeria, Zaire, Angola, Colombia,...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.