Amends the Tariff Schedules of the United States to grant duty-free treatment to articles which were previously entered duty-free pursuant to the Caribbean Basin Economic Recovery Act or the Trade Act of 1974 and which are reimported: (1) without their value having been enhanced; and (2) by the same person who imported them.
Requires such articles which are entered after June 1, 1982, and on or before the date of enactment of this Act, and on which no duty would have been imposed if this Act applied to such entry, to be liquidated or reliquidated as though such articles had been entered on the day after the date of enactment of this Act.
Became Public Law No: 98-573.
Introduced in Senate
Read twice and referred to the Committee on Finance.
Committee on Finance requested executive comment from OMB, International Trade Commission, Office of the U.S. Trade Representative, Treasury Department, State Department, Commerce Department.
Committee on Finance. Provisions of measure incorporated into measure H.R. 3398 ordered to be reported.
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