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Reliquidation

The process where U.S. Customs and Border Protection re-examines and changes the original calculation of duties (taxes) owed on imported goods after they have already been processed.

Duty Rate

The percentage or specific amount of tax that must be paid on imported goods.

Entry

The administrative process and associated paperwork for bringing imported goods into the United States, including declaring them to customs officials.

Harmonized Tariff Schedule of the United States (HTSUS)

A comprehensive system used to classify all goods imported into the U.S., which determines the duty rate for each type of product.

U.S. Customs and Border Protection (CBP)

A federal agency responsible for regulating and facilitating international trade, collecting import duties, and enforcing U.S. trade laws.

Liquidation

The final administrative action by U.S. Customs and Border Protection that determines the total amount of duties, taxes, and fees owed on an import entry.