Liquidating business usa
At the time of entry, the importer pays the estimated duties for their goods based on the HTSUS codes.
However, if an importer disagrees with CBP in their ruling on the entry, they are able to protest.Specifically, current doctrine underappreciates the risk of predatory pricing and how integration across distinct business lines may prove anticompetitive.These concerns are heightened in the context of online platforms for two reasons.Although, if the duty refund or advancement is less than $20, Customs will not refund the amount or issue a supplemental duty bill.The following are a few reasons there may be a discrepancy in the amounts paid and owed to Customs: The liquidation of an entry typically occurs within 314 days of the day it was imported into the United States.First, the economics of platform markets create incentives for a company to pursue growth over profits, a strategy that investors have rewarded.
Under these conditions, predatory pricing becomes highly rational—even as existing doctrine treats it as irrational and therefore implausible.
For a full look at Customs’ regulations on liquidation, refer to 19 CFR §159.
Amazon is the titan of twenty-first century commerce.
Second, because online platforms serve as critical intermediaries, integrating across business lines positions these platforms to control the essential infrastructure on which their rivals depend.
This dual role also enables a platform to exploit information collected on companies using its services to undermine them as competitors. Doing so enables us to make sense of its business strategy, illuminates anticompetitive aspects of Amazon’s structure and conduct, and underscores deficiencies in current doctrine.
Through this strategy, the company has positioned itself at the center of e-commerce and now serves as essential infrastructure for a host of other businesses that depend upon it.