Yesterday, Mr. Obama approved law affecting trade generally, and customs law particularly. The Act is available at this link:
The law will affect informal entries under 19 U.S.C. 1321 raising the ceiling to $800. The law now specifically prohibits licensed customs brokers to engage in terrorist activities. HTSUS subheadings 9802.00.40 and 9802.00.50 may be commingled with fungible articles. Certain drawback provisions have been revised. HTSUS provisions for apparel in Chapter 62, footwear in Chapter 64 incurred revisions. Manhole rings renamed to castings. And Nepal received further preferential treatment on some products… among other things.
