LIMITATION ON LIQUIDATION.

SEC. 641. LIMITATION ON LIQUIDATION. Section 504 (19 U.S.C. 1504) is amended— (1) by amending subsection (a)— (A) by striking out “Except as provided in subsection (b),” and inserting “Unless an entry is extended under subsection (b) or suspended as required by statute or court order,”, (B) by striking out “or” at the end of paragraph (2), (C) by inserting “or” after the semicolon at the end of paragraph (3), and (D) by inserting the following new paragraph after paragraph (3): “(4) if a reconciliation is filed, or should have been filed, the date of the filing under section 484 or the date the reconciliation should have been filed;”; and (2) by amending subsections (b), (c), and (d) to read as follows: “(b) Extension.— The Secretary may extend the period in which to liquidate an entry if— “(1) the information needed for the proper appraisement or classification of the merchandise, or for insuring compliance with applicable law, is not available to the Customs service; or “(2) the importer of record requests such extension and shows good cause therefor. The Secretary shall give notice of an extension under this subsection to the importer of record and the surety of such importer of record. Notice shall be in such form and manner (which may include electronic transmittal) as the Secretary shall by regulation prescribe. Any entry the liquidation of which is extended under this subsection shall be treated as having been liquidated at the rate of duty, value, quantity, and amount of duty asserted at the time of entry by the importer of record at the expiration of 4 years from the applicable date specified in subsection (a). “(c) Notice of Suspension.— If the liquidation of any entry is suspended, the Secretary shall by regulation require that notice of the suspension be provided, in such manner as the Secretary considers appropriate, to the importer of record and to any authorized agent and surety of such importer of record. “(d) Removal of Suspension.— When a suspension required by statute or court order is removed, the Customs Service shall liquidate the entry within 6 months after receiving notice of the removal from the Department of Commerce, other agency, or a court with jurisdiction over the entry. Any entry not liquidated by the Customs Service within 6 months after receiving such notice shall be treated as having been liquidated at the rate of duty, 107 STAT. 2205value, quantity, and amount of duty asserted at the time of entry by the importer of record.”.