PUBLIC LAW 103-182—DEC. 8, 1993 107 STAT. 2205 value, quantity, and amount of duty asserted at the time of entry by the importer of record.**. SEC. 642. PAYMENT OF DUTIES AND FEES. (a) AMENDMENT TO SECTION 505. —Section 505 (19 U.S.C. 1505) is amended to read as follows: '«EC. SOS. PAYMENT OF DUTIES AND FEES. "(a) DEPOSIT OF ESTIMATED DUTIES, FEES, AND INTEREST.— Unless merchandise is entered for warehouse or transportation, or under bond, the importer of record shall deposit with the Customs Service at the time of making entry, or at such later time as the Secretary may prescribe by regulation, the amount of duties and fees estimated to be payable thereon. Such regulations may provide that estimated duties and fees shall be deposited before or at the time an import activity summary statement is filed. If an import activity summary statement is filed, the estimated duties and fees shall be deposited together with interest, at a rate determined by the Secretary, accruing from the first date of the month the statement is required to be filed until the date such statement is actually filed. "(b) COLLECTION OR REFUND OF DUTIES, FEES, AND INTEREST DUE UPON LIQUIDATION OR REUQUIDATION.—The Customs Service shall collect any increased or additional duties and fees due, together with interest thereon, or refund any excess moneys deposited, togetiier with interest thereon, as determined on a liquidation or reliquidation. Duties, fees, and interest determined to be due upon liquidation or reliquidation are due 30 days after issuance of the bill for such payment. Refunds of excess moneys deposited, together with interest thereon, shall be paid within 30 days of liquidation or reliquidation. "(c) INTEREST. — Interest assessed due to an imdei^payment of duties, fees, or interest shall accrue, at a rate determined by the Secretary, from the d^tte the importer of record is required to deposit estimated duties, fees, and mterest to the date of liquidation or reliquidation of the applicable entry or reconciliation. Interest on excess moneys deposited shall accrue, at a rate determined by the Secretary, from the date the importer of record deposits estimated duties, fees, and interest to the date of liquidation or reliquidation of the applicable entry or reconciliation. "(d) DELINQUENCY. —If duties, fees, and interest determined to be due or refunded are not paid in full within the 30-day period specified in subsection (b), any unpaid balance shall be considered delinquent and bear interest by 30-day periods, at a rate determined by the Secretary, from the date of liquidation or reliquidation until the full balance is paid. No interest shall accrue during the 30- day period in which payment is actually made.". (b) CONFORMING AMENDMENT. —Subsection (d) of section 520 (19 U.S.C. 1520(d)) is repealed. SEC. 643. ABANDONMENT AND DAMAGE. Section 506 (19 U.S.C. 1506) is amended— (1) by striking out "the appropriate customs officer" and "such customs officer" wherever they appear and inserting "the Customs Service"; (2) by amending paragraph (1)— (A) by striking out not sent to the appraiser's stores for" and inserting released without an",
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