CIT Rejects Bid for Escrow Account for Section 232 Duties, Orders Deposits Be Made for Duties
Oman Fasteners must make duty deposits for potential Section 232 steel and aluminum duty liability on all entries affected by its case challenging the validity of certain Section 232 duties, the Court of International Trade said in an April 15…
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opinion. Oman Fasteners requested that the court establish and administer an escrow account to give security on its potential Section 232 duty liability throughout the stay period pending an appeal of the court's decision. A three-judge panel said that the court was not convinced that setting up an escrow account is better than depositing estimated 232 duties for affected entries.