A bill to modernize and simplify customs procedures.

[AI summary unavailable — showing source text] Title I: Modernization of Customs Procedures - Customs Modernization Act - Revises the Tariff Act of 1930: (1) to apply to any article for which the duties may be paid at a time later than the time of making entry for consumption or withdrawal from warehouse for consumption, the tariff rate in effect when the documents comprising such entry or withdrawal have been deposited with the appropriate customs officer; and (2) to apply to specified other articles the rate in effect when the articles are released from customs custody for consumption. Requires every person liable for any import duty and every importer to maintain such records as the Secretary of the Treasury shall prescribe for the protection of revenue due the United States. Sets forth the authority of the Secretary with respect to the summoning of witnesses and records in any investigation or inquiry conducted to ascertain the correctness of any entry or return, to determine the liability of any person for duty or for fines and penalties, and to insure compliance with Federal laws administered by the Department of the Treasury. Authorizes the Secretary, in conducting any such investigation or inquiry, to examine any record…