FINANCIAL 34 -New Customs Billkxpectedto Help Importer New Exec Aid to Foreign Seller Also Seen in Appraising Plan By Edwin L. Dale Jr. From the Herald Tribune Bureau. WASHINGTON, Oct. 16—The Administration ds highly pleased with the customs simplification bill which passed the House this week. \ Judging from their supB. A. Tompking port of the bill during hearings, importers have the same feeling. Marking a compr Only two provisions of the the management 7 original bill were eliminated by gar-Whelan Store} the House Ways and Means Comgroup headed by ¢ mittee and eventually the House. chairman of Gre One would have revised the seven members 4q method of assessing duties on faction yesterday ¥ liquor. The other would have the board of twel eliminated the valuation method replace seven wha called “American selling price,” A. Tompkins, sen which is now in effect for only dent of Bankers 7 four categories of goods, and subremains on the bo: stituted higher tariffs on those ed chairman; M goods in compensation. Neither elected chairman { provision was of crucial importive committee, 4 tance. Contains 24 Sections The bill that came out of committee contains 24 sections, each proposing a change in existing law. Ways and Means Committee members of both parties supported it, and the House passed it intact without dissent. Investors Leag The most important change representing mem deals with the method of valuing but refused report imports. Currently the customs was “for member’ ,appraiser is required to use the Apparently, there price quoted by the exporter or the William J price at which the item is sold in works. president, said tha the country of origin, whichever is greater. The new bill makes the directors had been However, Mrs. Mj export price the sole criterion in almost all cases, though there is attorney, of 630 she had been virtud still protection against dumping cause the two clig¢ and export subsidies. This provision will not lead to sented had been v4 The reason for substantially lower. values (and thus to lower duties and lower cus- was 2 list of nine q toms receipts). It will (1) greatly representatives for simplify administration, eliminat- fused to answer, s Summarized, ti ing the need for finding out internal selling prices in foreign demanded a list cquntries; (2) thereby speed up tions Lyi sts pene Two Inv In Storm _._the final determination of duiy, tolby4 the benefit of everybody, and (3) 1; 1949, or eS 3] remove a great deal of uncertainty each case the nam on the part of both the American for whom the du importer and the foreign exporter for what other sej as to just what the final value de- the moneys were § termination is going to be. paid for: A number of cases were cited at Another List | the hearings where foreign exAlso, a list of all} porters’ were reluctant to enter American markets because of al- to officers and d| legedly unexpected duty determi- league from June ¥ nations in this country. While the 15, 1951, and a sta} Customs Bureau thinks’ those ‘any officers or d stories were exaggerated, bureau league serve in sij officials agree that the foreign in any other corpt seller would be able to operate with so, their names. Another questi more certainty under the new bill, to say nothing of the American William H. Carte importer. president. The x ‘Besides helping us a lot,” one sented by Mrs. E said, “this change should, at the expelled by vote least, encourage more foreign Theodore Andrewst sellers to try to break into our Shapiro, asked f market.” statement of payj Mr. Carter by the } Other Changes Made for such compeng The other changes are less reasons for them} sweeping, but each is expected to 1949, improve procedures and reduce Other queries wy} red tape. Some inequities will be members had beer eliminated as well. Carter’s compens For example, an important provision\changes the system of pen- dates of the resigng Pope, Pen alties assessed when the value Allen assigned by the importer ‘turns Eddie Rickenback' formerly connec} out to be different from the value R determined by the customs ap- league. The final ques praiser. Under current regulations, if the importer is too high, his Pope resigned as af fave aka Oo -~ wawen es * ~ ake rahe