appraisement, classification. and liquidation procedures: collections and refunds; limitations

appraisement, classification. and liquidation procedures: collections and refunds; limitations Sec. 204. (a) Section 500 of the Tariff Act (19 U.S.C. 1500) is hereby amended to read as follows: “Sec. 500. Appraisement, Classification, and Liquidation Procedures.— “The appropriate customs officer shall, tinder rules and regulations prescribed by the Secretary— “(a) appraise merchandise in the unit of quantity in which the merchandise is usually bought and sold by ascertaining or estimating the value thereof by all reasonable ways and means in his power, any statement of cost or costs of production in any invoice, affidavit, declaration, or other document to the contrary notwithstanding; “(b) ascertain the classification and rate of duty applicable to su’h merchandise; “(c) fix the amount of duty to be paid on such merchandise and determine any increased or additional duties due or any excess of duties deposited; “(d) liquidate the entry of such merchandise; and “(e) giro notice of such liquidation to the importer, his consignee, or agent in such form and manner as the Secretary shall prescribe in such regulations.” (b) Section 488 of the Tariff Act (19 U.S.C. 1488) is repealed. (c) Section 505 of the Tariff Act (19 U.S.C. 1505) is amended to read as follows: “Sec. 505. Payment of Duties.— “(a) Deposit of Estimated Duties.—Unless merchandise is entered for warehouse or transportation, or under bond, the consignee shall deposit with the appropriate customs officer at the time of making entry the amount of duties estimated by such customs officer to be payable thereon. “(b) Collection or Refund.—The appropriate customs officer shall collect any increased or additional duties due or refund any excess of duties deposited as determined on a liquidation or reliquidation.”