DRAWBACKS FOR RECYCLED MATERIALS.

SEC. 1462. DRAWBACKS FOR RECYCLED MATERIALS. (a) In General.—Section 313 of the Tariff Act of 1930 (19 U.S.C. 1313) is amended by adding at the end the following new subsection: “(x) Drawbacks for Recovered Materials.—For purposes of subsections (a), (b), and (c), the term ‘destruction’ includes a 114 STAT. 2173process by which materials are recovered from imported merchandise or from an article manufactured from imported merchandise. In determining the amount of duties to be refunded as drawback to a claimant under this subsection, the value of recovered materials (including the value of any tax benefit or royalty payment) that accrues to the drawback claimant shall be deducted from the value of the imported merchandise that is destroyed, or from the value of the merchandise used, or designated as used, in the manufacture of the article”. (b) Effective Date.—The amendment made by this section shall apply to drawback claims filed on or after the date of the enactment of this Act.