116 STAT. 992 PUBLIC LAW 107-210—AUG. 6, 2002 Ways and Means of the House of Representatives and the Committee on Finance of the Senate the projected amount of funds for the succeeding fiscal year that will be necessary for the Commission to carry out its functions.". Subtitle D—Other trade provisions Deadline. SEC. 381. INCREASE IN AGGREGATE VALUE OF ARTICLES EXEMPT FROM DUTY ACQUIRED ABROAD BY UNITED STATES RESIDENTS. (a) IN GENERAL. — Subheading 9804.00.65 of the Harmonized Tariff Schedule of the United States is amended in the article description column by striking "$400" and inserting "$800". (b) EFFECTIVE DATE. —The amendment made by subsection (a) shall take effect 90 days after the date of the enactment of this Act. SEC. 382. REGULATORY AUDIT PROCEDURES. Section 509(b) of the Tariff Act of 1930 (19 U.S.C. 1509(b)) is amended by adding at the end the following: "(6)(A) If during the course of any audit concluded under this subsection, the Customs Service identifies overpayments of duties or fees or over-declarations of quantities or values that are within the time period and scope of the audit that the Customs Service has defined, then in calculating the loss of revenue or monetary penalties under section 592, the Customs Service shall treat the overpayments or over-declarations on finally liquidated entries as an offset to any underpayments or underdeclarations also identified on finally liquidated entries, if such overpayments or over-declarations were not made by the person being audited for the purpose of violating any provision of law. "(B) Nothing in this paragraph shall be construed to authorize a refund not otherwise authorized under section 520.". SEC. 383. PAYMENT OF DUTIES AND FEES. Section 505(a) of the Tariff Act of 1930 (19 U.S.C. 1505(a)) is amended to read as follows: "(a) DEPOSIT OF ESTIMATED DUTIES AND FEES.— Unless the entry is subject to a periodic payment or the merchandise is entered for warehouse or transportation, or under bond, the importer of record shall deposit with the Customs Service at the time of entry, or at such later time as the Secretary may prescribe by regulation (but not later than 10 working days after entry or release) the amount of duties and fees estimated to be payable on such merchandise. As soon as a periodic payment module of the Automated Commercial Environment is developed, but no later than October 1, 2004, a participating importer of record, or the importer's filer, may deposit estimated duties and fees for entries of merchandise no later than the 15th day of the month following the month in which the merchandise is entered or released, whichever comes first.".
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