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Legal Definitions - United States Court of International Trade
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Definition of United States Court of International Trade
The United States Court of International Trade is a court that has the power to hear cases related to import transactions and the eligibility of workers, firms, and communities for adjustment assistance under the Trade Act of 1974. It also has the authority to handle cases related to customs duties, customs bonds, and civil penalties for fraud or negligence.
For example, if a company believes that they were unfairly charged customs duties on their imported goods, they can file a case with the United States Court of International Trade to recover those duties. Similarly, if a person is accused of committing customs fraud, they may face civil penalties that can be imposed by this court.
The United States Court of International Trade is an important institution for regulating international trade and ensuring that import transactions are conducted fairly and legally.
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Simple Definition
The United States Court of International Trade is a special court that deals with legal cases related to imports and workers affected by trade laws. It has the power to hear cases against the United States government regarding import transactions and worker assistance. The court also handles cases related to customs duties, customs bonds, and penalties for fraud or negligence. It used to be called the U.S. Customs Court.
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