                        TITLE 19--CUSTOMS DUTIES
 
                      CHAPTER 4--TARIFF ACT OF 1930
 
           SUBTITLE IV--COUNTERVAILING AND ANTIDUMPING DUTIES
 
                       Part IV--General Provisions
 
Sec. 1677g. Interest on certain overpayments and underpayments


(a) General rule

    Interest shall be payable on overpayments and underpayments of 
amounts deposited on merchandise entered, or withdrawn from warehouse, 
for consumption on and after--
        (1) the date of publication of a countervailing or antidumping 
    duty order under this subtitle or section 1303 \1\ of this title, or
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    \1\ See References in Text note below.
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        (2) the date of a finding under the Antidumping Act, 1921.

(b) Rate

    The rate of interest payable under subsection (a) of this section 
for any period of time is the rate of interest established under section 
6621 of title 26 for such period.

(June 17, 1930, ch. 497, title VII, Sec. 778, as added Pub. L. 96-39, 
title I, Sec. 101, July 26, 1979, 93 Stat. 188; amended Pub. L. 98-573, 
title VI, Sec. 621, Oct. 30, 1984, 98 Stat. 3039; Pub. L. 99-514, 
Sec. 2, Oct. 22, 1986, 100 Stat. 2095.)

                       References in Text

    Section 1303 of this title, referred to in subsec. (a)(1), is 
defined in section 1677(26) of this title to mean section 1330 as in 
effect on the day before Jan. 1, 1995.
    The Antidumping Act, 1921, referred to in subsec. (a)(2), is act May 
27, 1921, ch. 14, title II, 42 Stat. 11, as amended, which was 
classified generally to sections 160 to 171 of this title, and was 
repealed by Pub. L. 96-39, title I, Sec. 106(a), July 26, 1979, 93 Stat. 
193.


                               Amendments

    1986--Subsec. (b). Pub. L. 99-514 substituted ``Internal Revenue 
Code of 1986'' for ``Internal Revenue Code of 1954'', which for purposes 
of codification was translated as ``title 26'' thus requiring no change 
in text.
    1984--Subsec. (a). Pub. L. 98-573 amended subsec. (a) generally, 
substituting provisions making interest payable on and after the date of 
publication of a countervailing or antidumping duty order under this 
subtitle or section 1303 of this title or the date of a finding under 
the Antidumping Act, 1921 for provisions making interest payable on and 
after the date on which notice of an affirmative determination by the 
Commission under section 1671d(b) or 1673d(b) of this title with respect 
to such merchandise was published.
    Subsec. (b). Pub. L. 98-573 amended subsec. (b) generally, 
substituting provisions that the rate of interest payable under subsec. 
(a) for any period of time is the rate of interest established under 
section 6621 of title 26 for such period for provision that the rate at 
which such interest was payable would be 8 percent per annum or, if 
higher, the rate in effect under section 6621 of title 26 on the date on 
which the rate or amount of the duty was finally determined.


                    Effective Date of 1984 Amendment

    Amendment by Pub. L. 98-573 applicable with respect to merchandise 
that is unliquidated on or after Nov. 4, 1984, see section 626(b)(4) of 
Pub. L. 98-573, set out as a note under section 1671 of this title.

                  Section Referred to in Other Sections

    This section is referred to in sections 1671f, 1673f, 3556 of this 
title.
