DISCLOSURE OF INCORRECT INFORMATION.

SEC. 205. DISCLOSURE OF INCORRECT INFORMATION. Section 592(c) of the Tariff Act of 1930 (19 U.S.C. 1592(c)) is amended—(1) by redesignating paragraph (8) as paragraph (9); and (2) by inserting after paragraph (7) the following new paragraph: “(8) Prior disclosure regarding claims under the united states-australia free trade agreement.—“(A) In general.—An importer shall not be subject to penalties under subsection (a) for making an incorrect claim that a good qualifies as an originating good under section 203 of the United States-Australia Free Trade Agreement Implementation Act if the importer, in accordance with regulations issued by the Secretary of the Treasury, voluntarily and promptly makes a corrected declaration and pays any duties owing. “(B) Time periods for making corrections.—In the regulations referred to in subparagraph (A), the Secretary 118 STAT. 940 of the Treasury is authorized to prescribe time periods for making a corrected declaration and paying duties owing under subparagraph (A), if such periods are not shorter than 1 year following the date on which the importer makes the incorrect claim.”.