PAYMENT OF DUTIES AND FEES.

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.”.