DENVER – The United States Attorney’s Office for the District of Colorado announced today that Ellab, Inc., a Colorado corporation, and Ellab A/S, its Danish parent company, have paid the United States $728,910 to resolve civil allegations that Ellab, Inc. failed to properly classify its imported products and declare their value, thereby failing to pay the full amount of customs duties owed to the United States on the imported goods.

Under the Tariff Act of 1930, companies that import products into the United States are required to pay customs duties—typically calculated as a percentage of the value of the goods—on those products. Importers must classify their imported products according to the Harmonized Tariff Schedule of the United States (HTSUS), and they owe different rates of duty depending on which HTSUS category the product properly falls into. Importers are also required to properly declare the value of any goods they import, including products that have been exported, repaired abroad, and re-imported into the United States.

The United States alleges that Ellab, Inc.—a company that imports thermal validation equipment for use in the healthcare, pharmaceutical, and food industries from its Danish parent for resale to domestic customers—failed to properly classify its imported products. Rather than separately determining which HTSUS category each of its imported products fell into, Ellab, Inc. instead classified all of its imported products under a single HTSUS...

Read Full Story: https://news.google.com/__i/rss/rd/articles/CBMieGh0dHBzOi8vd3d3Lmp1c3RpY2UuZ...