19-U.S.C.-1487
§1487 – Value In Entry; Amendment
Pathway
Title 19 > Chapter 4 > Subtitle III > Part III > Section 1487
Details
- Reference: Section 1487
- Legend: §1487 – Value In Entry; Amendment
- USCode Year: 2013
Provision Content
The importer of record or his agent may, under such regulations as the Secretary of the Treasury may prescribe, at the time entry is made, make in the entry such additions to or deductions from the cost or value given in the invoice as, in his opinion, may raise or lower the same to the value of such merchandise.
(June 17, 1930, ch. 497, title IV, §487, 46 Stat. 725; Aug. 8, 1953, ch. 397, §18(a), 67 Stat. 517; Pub. L. 97–446, title II, §201(e), Jan. 12, 1983, 96 Stat. 2350.)
Prior Provisions
Provisions somewhat similar to those in this section were contained in act Oct. 3, 1913, ch. 16, §III, I, 38 Stat. 184, which were substituted for provisions made by the Customs Administrative Act of June 10, 1890, ch. 407, §7, 26 Stat. 134, as amended by act July 24, 1897, ch. 11, §32, 30 Stat. 211, and as further amended by the Payne-Aldrich Tariff Act of Aug. 5, 1909, ch. 6, §28, 36 Stat. 95. Section III of the act of 1913 was superseded by act Sept. 21, 1922, ch. 356, title IV, §487, 42 Stat. 962, and was repealed by section 643 thereof. Section 487 of the 1922 act was superseded by section 487 of act June 17, 1930, comprising this section, and repealed by section 651(a)(1) of the 1930 act.
Provisions for addition to the invoice values made by R.S. §2900, were repealed by section 29 of the Customs Administrative Act.
Amendments
1983—Pub. L. 97–446 substituted importer of record for consignee before or his agent.
1953—Act Aug. 8, 1953, struck out or at any time before the invoice or the merchandise has come under the observation of the appraiser for the purpose of appraisement, after at the time entry is made,.
Effective Date of 1983 Amendment
Amendment by Pub. L. 97–446 applicable with respect to merchandise entered on and after 30th day after Jan. 12, 1983, see section 201(g) of Pub. L. 97–446, set out as a note under section 1484 of this title.
Effective Date of 1953 Amendment; Savings Provision
Amendment by act Aug. 8, 1953, effective on and after thirtieth day following Aug. 8, 1953, and savings provision, see notes set out under section 1304 of this title.
U.S. Encyclopedia of Law Coverage
19-U.S.C.-1461 in the Legal Encyclopedia: Customs Duties
In this entry about 19-U.S.C.-1461, find legal reference material, bibliographies and premiere content related to customs duties in the American Encyclopedia of Law, presenting a comprehensive view of the United States customs duties-specific issues, written by authorities in the field.
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