[Code of Federal Regulations]

[Title 19, Volume 1]

[Revised as of April 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 19CFR10.21]



[Page 102]

 

                        TITLE 19--CUSTOMS DUTIES

 

   CHAPTER I--BUREAU OF CUSTOMS AND BORDER PROTECTION, DEPARTMENT OF 

              HOMELAND SECURITY; DEPARTMENT OF THE TREASURY

 

PART 10_ARTICLES CONDITIONALLY FREE, SUBJECT TO A REDUCED RATE, ETC.

--Table of Contents

 

                      Subpart A_General Provisions

 

Sec.  10.21  Updating cost data and other information.



    When a claim for the exemption is predicated on estimated cost data 

furnished either in advance of or at the time of entry, this fact should 

be clearly stated in writing at the time of entry, and suspension of 

liquidation may be requested by the importer or his agent pending the 

furnishing of actual cost data. Actual cost data must be submitted as 

soon as accounting procedures permit. To insure that information used 

for Customs purposes is reasonably current, the importer shall 

ordinarily be required to furnish updated cost and assembly data at 

least every six months, regardless of whether he considers that 

significant changes have occurred. The 6-month period for the submission 

of updated cost or other data may be extended by the port director if 

such extension is appropriate for the type of merchandise involved, or 

because of the accounting period normally used in the trade, or because 

of other relevant circumstances.



[T.D. 75-230, 40 FR 43025, Sept. 18, 1975]