texaslawhopefully
10:31
Warning
Info
Warning
Info
LSDefine
Simple English definitions for legal terms
International Trade Court
Read a random definition: banker's note
A quick definition of International Trade Court:
The International Trade Court, also known as the United States Court of International Trade, is a court that deals with legal cases related to import transactions and the eligibility of workers, firms, and communities for adjustment assistance under the Trade Act of 1974. It has the power to hear civil actions against the United States, recover customs duties, recover on a customs bond, and impose certain civil penalties for fraud or negligence. It used to be called the U.S. Customs Court.
A more thorough explanation:
The International Trade Court, also known as the United States Court of International Trade, is a court that has jurisdiction over civil actions against the United States related to federal laws governing import transactions or the eligibility of workers, firms, and communities for adjustment assistance under the Trade Act of 1974.
Examples of cases that fall under the jurisdiction of the International Trade Court include:
- Actions to recover customs duties
- Actions to recover on a customs bond
- Actions to impose certain civil penalties for fraud or negligence
For instance, if a company believes that they were wrongly charged customs duties on goods they imported, they could file a case with the International Trade Court to recover those duties.
The International Trade Court has exclusive jurisdiction over these types of cases, meaning that they are the only court that can hear them. This helps to ensure consistency and fairness in the application of federal laws related to international trade.