Preemption
Summary of Preemption
The prerogative of customs authorities to seize and sell merchandise that an importer has deliberately undervalued to avoid payment of dudes.
(Main Author: William J. Miller)
Preemption and the GATT Policy Negotiations
In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Preemption: The prerogative of customs authorities to seize and sell merchandise that an importer has deliberately undervalued to avoid payment of duties.
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