Page:United States Statutes at Large Volume 93.djvu/234

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PUBLIC LAW 96-000—MMMM. DD, 1979

93 STAT. 202

Ante, p. 194. 19 USC 1336.

19 USC 1351. 19 USC 1500.

PUBLIC LAW 96-39—JULY 26, 1979 "(2) The term 'import cost' means the transaction value of the imported merchandise determined in accordance with section 402(b) plus, when not included in the transaction value, all necessary expenses, exclusive of customs duties, of bringing such merchandise to the United States.". (2) Section 336 is amended— (A) by striking out subsection (b); (B) by striking out "and in basis of value" in subsection (c); (C) by striking out "or in basis of value" in each of subsections (d), (f), and (k); and (D) by striking out subsection (j). (3) Paragraph (2)(D)(ii) of section 350(a) is amended by striking out "or 402a". (4) Paragraph (a) of section 500 is amended to read as follows: "(a) appraise merchandise by ascertaining or estimating the value thereof, under section 402, by all reasonable ways and means in his power, any statement of cost or costs of production in any invoice, affidavit, declaration, other document to the contrary notwithstanding;". (b) TARIFF SCHEDULES OF THE UNITED STATES.—The Tariff Schedules of the United States (19 U.S.C. 1202) are further amended as follows: (1) General headnote 60t))(i) is amended by striking out "or section 402a". (2) Each of the following headnotes is amended by striking out "or 402a" wherever it appears therein: (A) Headnote 4 to subpart E of part 3 of schedule 6. (B) Headnote 1 to subpart B of part 11 of schedule 7. (C) Headnote 2 to part 1 of schedule 8. (D) Headnotes 2(a), 2(c), and 3(a) to subpart B of part 1 of schedule 8. (c) OTHER LAWS.—

26 USC 993.

19 USC 1401a "°*®-

Ante, p. 147.

19 USC 1401a note.

(1) TRADE ACT OF 1974.—Section 601(4) of the Trade Act of 1974 (19 U.S.C. 2481(4)) is amended by striking out "(19 U.S.C. sec. 1401a or 1402)" and inserting in lieu thereof "(as in effect before the effective date of the amendments made by title II of the Trade Agreements Act of 1979) or in section 402 of such Act of 1930 (as in effect on the effective date of such title II amendments) whichever is". (2) INTERNAL REVENUE CODE OF 1954.—Paragraph (1) of section 993(c) of the Internal Revenue Code of 1954 is amended by striking out "402a of the Tariff Act of 1930 (19 U.S.C. sec. 1401a or 1402)" and inserting in lieu thereof "of the Tariff Act of 1930 (19 U.S.C. 1401a)". SEC. 203. PRESIDENTIAL REPORT ON OPERATION OF THE AGREEMENT. As soon as practicable after the close of the 2-year period beginning on the date on which the amendments made by this title (other than section 223(b), relating to certain rubber footwear) take effect, the President shall prepare and submit to Congress a report containing an evaluation of the operation of the Agreement on Implementation of Article VII of the General Agreement on Tariffs and Trade approved under section 2(a) (hereinafter in this subtitle referred to as the "Agreement"), both domestically and internationaly, during that period. SEC. 204. TRANSITION TO VALUATION STANDARDS UNDER THIS TITLE. (a) EFFECTIVE DATE OF AMENDMENTS.—