Fee for importation of merchandise entered under section 2

(a) In general An express consignment operator or carrier of merchandise entered under section 2 for consumption, or withdrawn from warehouse for consumption, subject to such regulations as the Commissioner of U.S. Customs and Border Protection, shall collect a fee on the importation of such merchandise in an amount equal to one of the following, at the election of the importer of record: (1) 20 percent ad valorem of the merchandise. (2) The equivalent tariff rate the merchandise would be subject to if the merchandise were entered as a formal entry under section 484 of the Tariff Act of 1930 (19 U.S.C. 1484). (3) Any other fixed or ad valorem duty rates that may be imposed based on the country of origin of the merchandise, including any such rates charged for international postal shipments. (b) Fee in lieu of other charges and duties The fee required by subsection (a) shall be imposed and collected in lieu of the following: (1) Any charges under paragraphs (9) and (10) of section 13031(a) of the Consolidated Omnibus Budget Reconciliation Act of 1985 (19 U.S.C. 58c(a)). (2) Any duties otherwise applicable with respect to the same merchandise, including— (A) the most-favored nation rates established in the Harmonized Tariff Schedule of the United States; and (B) duties imposed under section 232 of the Trade Expansion Act of 1962. (c) Collection and deposit of fees All amounts collected in fees required by subsection (a)— (1) shall be remitted in full on a quarterly basis by the express consignment operator or carrier of the shipment of merchandise to the Commissioner of U.S. Customs and Border Protection in accordance with regulations prescribed by the Secretary of Homeland Security; and (2) shall be deposited in the general fund of the Treasury.