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Search Results: keywords:"customs exemptions"

  • H.R. 7979, known as the “End China’s De Minimis Abuse Act,” aims to amend section 321 of the Tariff Act of 1930. This bill seeks to limit the administrative exemptions for imports that are split into separate lots to avoid tariffs and restrict certain goods from countries facing U.S. trade...

    Simple Explanation

    H.R. 7979 is a bill that wants to make sure people can't avoid paying taxes when bringing things into the country by splitting them into smaller packages, and it also wants to make sure bad countries can't use special rules to bring things in without paying. If someone breaks these rules, they might have to pay a lot of money.