Abstract
Time is passing quickly for those companies that want to improve their bottom lines by eliminating costly tariffs on imported chemicals this year. Rep. Philip M. Crane (R-Ill.), chairman of the House Ways & Means Committee's Subcommittee on Trade, has placed a June 11 deadline on submitting bills for temporary duty suspensions. Getting Congress to suspend or eliminate import duties on products, including chemicals, is a time-honored process in the U.S. Every year or so, a bulky bill is passed that eliminates or at least temporarily halts customs fees on hundreds of items. Chemicals usually constitute a major part of that list. A measure passed by the House and still in the Senate this year, H.R. 435, is such a bill. At least 145 chemical compounds are listed in the legislation along with items such as snowboard boots, textile machinery, muesli cereals, and rocket engines. Chemicals get listed in this legislation because the request is ...
Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
