PUBLIC LAW 104-295—OCT. 11, 1996 110 STAT. 3525 elect to file a reconciliation with regard to such entry elements as are identified by the party pursuant to regulations prescribed by the Secretary. If the party so elects, the party shall declare that a reconcihation will be filed. The declaration shall be made in such manner as the Secretary shall prescribe and at the time the documentation or information required by subsection (a)(1)(B) or the import activity summary statement is filed with, or transmitted to, the Customs Service, or at such later time as the Customs Service may, in its discretion, permit. The reconciliation shall be filed by the importer of record at such time and in such manner as the Secretary prescribes but not later than 15 months after the date the importer declares his intent to file the reconciliation. In the case of reconciling issues relating to the assessment of antidumping and countervailing duties, the reconciliation shall be filed not later than 90 days ^er the date the Customs Service advises the importer that the period of review for antidumping or countervailing duty purposes has been completed.". SEC. 19. TARIFF TREATMENT FOR CERTAIN MOTOR VEHICLES. General Note 3 of the Harmonized Tariff Schedule of the United States is amended by adding at the end the following new subdivision: "(d) CERTAIN MOTOR VEHICLES MANUFACTURED IN FOREIGN TRADE ZONES. "(i) DUTY IMPOSED. Notwithstanding any other provision of law, the duty imposed on a quaUfied article shall be the amount determined by multiplying the applicable foreign value content of such article by the applicable rate of duty for such article.
- (ii) QUALIFIED ARTICLE. For purposes of this subdivision,
the term 'qualified article' means an article that is— "(A) classifiable \mder any of subheadings 8702.10 through 8704.90 of the Harmonized Tariff Schedule of the United States, "(B) produced or manufactured in a foreign trade zone before January 1, 1996, "(C) exported therefrom to a NAFTA country (as defined in section 2(4) of the North American Free Trade Agreement Implementation Act (19 U.S.C. 3301(4)), and "(D) subsequently imported from that NAFTA country into the customs territory of the United States— "(I) on or after the effective date of this subdivision, or "(II) on or sifter January 1, 1994, and before such effective date, if the entry of such article is imliquidated, under protest, or in litigation, or Uquidation is otherwise not final on such effective date, "(iii) APPLICABLE FOREIGN VALUE CONTENT. "(A) APPLICABLE FOREIGN VALUE CONTENT. For purposes of this subdivision, the term 'applicable foreign value content' means the amount determined by multiplying the value of a qualified article by the applicable percentage. "(B) APPLICABLE PERCENTAGE. The term 'applicable percentage' means the FTZ percentage for the article plus 5 percentage points.
�
