§ 2119. Staging requirements and rounding authority
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(a)Maximum aggregate reductions in rates of duty Except as otherwise provided in this section, the aggregate reduction in the rate of duty on any article which is in effect on any day pursuant to a trade agreement under section 2111 of this title shall not exceed the aggregate reduction which would have been in effect on such day if—
(1)a reduction of 3 percent ad valorem or a reduction of one-tenth of the total reduction, whichever is greater, had taken effect on the effective date of the first reduction proclaimed pursuant to section 2111(a)(2) of this title to carry out such agreement with respect to such article, and
(2)a reduction equal to the amount applicable under paragraph
(1)had taken effect at 1-year intervals after the effective date of such first reduction.
This subsection shall not apply in any case where the total reduction in the rate of duty does not exceed 10 percent of the rate before the reduction.
(b)Simplification of computation If the President determines that such action will simplify the computation of the amount of duty imposed with respect to an article, he may exceed the limitation provided by section 2111(b) of this title or subsection
(a)of this section by not more than whichever of the following is lesser:
(1)the difference between the limitation and the next lower whole number, or
(2)one-half of 1 percent ad valorem.
(c)Ten-year period for commencement of reductions in rates of duty
(1)No reduction in the rate of duty on any article pursuant to a trade agreement under section 2111 of this title shall take effect more than 10 years after the effective date of the first reduction proclaimed to carry out such trade agreement with respect to such article.
(2)If any part of a reduction takes effect, then any time thereafter during which any part of the reduction is not in effect by reason of legislation of the United States or action thereunder, the effect of which is to maintain or increase the rate of duty on an article, shall be excluded in determining—
(A)the 1-year intervals referred to in subsection (a)(2), and
(B)the expiration of the 10-year period referred to in paragraph
(1)of this subsection.
(Pub. L. 93–618, title I, § 109, Jan. 3, 1975, 88 Stat. 1985; Pub. L. 96–39, title XI, § 1106(c)(3), July 26, 1979, 93 Stat. 312.)
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U.S. Code
statutes-at-large
- Public Law 93–617to authorize the striking of medals in commemoration of the one hundredth anniversary of the cable car in San Francisco” (Public Law 93–114), [87 Stat. 417](/us/stat/87/417).approved October 1, 1973, is amended by striking out “December 31, 1974” and inserting in lieu thereof “December 31, 1976”
- Proclamation 4711
- Proclamation 4768
- Proclamation 4701
- Public Law 96–39To approve and implement the trade agreements negotiated under the Trade Act of 1974, and for other purposes
- Proclamation 5348
statute-compilations
8 references not yet in our index
- Pub. L. 93–618, title I, § 109
- 88 Stat. 1985
- Pub. L. 96–39, title XI, § 1106(c)(3)
- 93 Stat. 312
- Pub. L. 96–39
- section 1114 of Pub. L. 96–39
- Pub. L. 96–39, title V, § 503
- 93 Stat. 251
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§ 2119
Staging requirements and rounding authority
Stat.×12
U.S.C.×6
C.F.R.×1
Stat. Comp.×1
Pub. L.Pub. L. 93–618, title I, § 109
Stat.88 Stat. 1985
Pub. L.Pub. L. 96–39, title XI, § 1106(c)(3)
Stat.93 Stat. 312
Pub. L.Pub. L. 96–39
Cites 12 · showing 9Cited by 20 across 4 sources