Page:United States Statutes at Large Volume 77A.djvu/12

 TARIFF SCHEDULES OF THE UNITED STATES [Reprinted Prom 76 Stat. 881-883]

Public Law 87-794 October 11, 1962

[H. R. 11970]

AN

ACT

r^Q promote the general welfare, foreign policy, and security of the United States through international trade agreements and through adjustment assistance to domestic industry, agriculture, and labor, and for other purposes.

SEC. 257. RELATION TO OTHER LAWS.

Ante. p. 74. Ante, p. 75. Post, p. 883. Supra.

Ante, p. 78. Ante, p. 73.

(g)(1) SectloR 102(1) of the Tariff Classification Act of 1962; is amended by striking out "of schedules 1 to 7, inclusive,". (2) Section 203 of the Tariff Classification Act of 1962 is amended to read as follows: "SEC. 203. For purposes of applying sections 323 and 350 of the Tariff Act of 1930, as amended, and the Trade Expansion Act of 1962 with respect to the Tariff Schedules of the United States— "(1) The rate of duty in rate column numbered 2 for each item in schedules 1 to Y, inclusive, of the Tariff Schedules of the United States shall be treated as the rate of duty existing on July 1, 1934. " (2) The lowest preferential or nonpreferential rate of duty in rate column numbered 1 for each item in schedules 1 to 7, inclusive, of the Tariff Schedules of the United States on the effective date provided in section 501(a) of this Act shall be treated as the lowest preferential or nonpreferential rate of duty, respectively, existing on July 1, 1962; except that in the case of any such item included in a Supplemental report made pursuant to section 101(c) of this Act to reflect a change proclaimed by the President after July 1, 1962 (other than a change to which the United States was committed on July 1, 1962), the rate treated as the lowest nonpreferential rate of duty existing on July 1, 1962, shall be the rate which the Commission specifically declares in such supplemental report to be the rate which, in its judgment, conforms to the fullest extent practicable to the rate regarded as existing on July 1, 1962, under sectton 256(4) of the Trade Expansion Act of 1962. " (3) Legislation entering into force after the effective date provided for in section 501(a) of this Act which results in the permanent reclassification of any article without specifying the rate of duty applicable thereto, and proclamations under section 202(c) of this Act, shall be considered as having been in effect since June 30, 1962."

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