reliquidation Definition
the act of reevaluating and adjusting the value of goods or assets for customs purposes.
Using reliquidation: Examples
Take a moment to familiarize yourself with how "reliquidation" can be used in various situations through the following examples!
Example
The company requested a reliquidation of their imported goods after discovering an error in the original valuation.
Example
Reliquidation may result in additional duties or refunds depending on the outcome of the reevaluation.
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Summary: reliquidation in Brief
'Reliquidation' [ree-li-kwuh-dey-shuhn] refers to the act of reevaluating and adjusting the value of goods or assets for customs purposes. It is often requested by companies when errors are discovered in the original valuation, and may result in additional duties or refunds.
