Quarterly IRS Interest Rates Used in Calculating Interest on Overdue Accounts and Refunds on Customs Duties, 64358-64360 [E8-25812]
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64358
Federal Register / Vol. 73, No. 210 / Wednesday, October 29, 2008 / Notices
5. Notify CBP of any major
organizational changes that may impact
the importer’s product safety controls.
6. Submit an annual written
notification to CBP that sets forth the
importer’s ISA–PS point of contact and
acknowledges that the importer
continues to meet the requirements of
ISA–PS.
Application Process
1. Required Information
Interested applicants (importers that
are already active members of ISA) may
send an e-mail requesting an application
to isa@dhs.gov, and will receive an
electronic ISA–PS/CPSC Questionnaire
and an ISA–PS/CPSC Addendum.
Completed ISA–PS/CPSC
Questionnaires may be submitted
electronically via e-mail to isa@dhs.gov.
jlentini on PROD1PC65 with NOTICES
2. CBP Review of Application
After the applicant has submitted the
ISA–PS/CPSC Questionnaire and ISA–
PS/CPSC Addendum, CBP and CPSC
staff will review the applicant’s
submission. For a limited number of
applicants, the review will include a
CPSC risk assessment to determine the
applicant’s readiness to assume
responsibilities for self-assessment. The
risk assessment will include an
examination of the applicant as
identified by the Importer of Record
(IOR) number(s) listed on the ISA–PS/
CPSC Questionnaire and its scope will
include the laws and regulations
administered by CPSC requirements set
forth above (in ISA–PS Participation
Requirements, Item 3). CBP and CPSC
will perform a formal domestic site visit
with the importer. At the discretion of
CBP and CPSC it may also be necessary
to perform a formal visit with the
applicant at a foreign facility. The
purpose of these site visits is to
determine if the applicant is ready to
assume the responsibilities of selfassessment and to equip CBP and CPSC
with the knowledge of the importers
internal control procedures as
appropriate. If CBP and CPSC determine
that the applicant is not ready to assume
the responsibilities of self-assessment,
CBP and CPSC staff will continue to
work with the applicant to strengthen
their product safety program. If CBP and
CPSC staff determine that the applicant
is ready to assume all the
responsibilities of self-assessment, they
will sign the ISA–PS/CPSC Addendum
and return a copy to the importer. CBP
and CPSC staff reserve the right, in their
discretion, to approve or disapprove an
application. Further, in selecting
applicants for participation in ISA–PS,
CBP and CPSC staff reserve the right to
VerDate Aug<31>2005
17:17 Oct 28, 2008
Jkt 217001
establish priorities for the processing
and approval of applications.
ISA–PS Potential Benefits
In addition to the benefits received as
a participant in ISA, once accepted into
the ISA–PS, the participant also
becomes eligible for the following
benefits:
1. CPSC will provide the participant
with a product-specific CPSC point of
contact who can assist in providing
National Electronic Injury Surveillance
System (NEISS) Product Codes for entry
lines.
2. CPSC will provide access to the
participant with special training
concerning product safety compliance,
internal controls, and CPSC audit trails.
3. CPSC will allow the participant the
opportunity to apply for external
participation coverage of multiple
business units (multiple IOR numbers)
identified in the ISA–PS/CPSC
Addendum.
4. CPSC will consider expansion of
benefits to all products of approved
participants if the entry line(s) contains
all the applicable NEISS product
code(s).
5. CPSC will reduce product safety
tests on goods imported by ISA–PS
participants.
6. CPSC laboratories will grant
priority ‘‘front of the line testing’’ to
ISA–PS participants when product
safety testing is conducted.
7. CPSC may allow products to be
destroyed by the ISA–PS participant in
lieu of requesting redelivery to CBP of
the product.
8. CPSC will acknowledge the
participation of ISA–PS in CPSC’s
‘‘Fast-Track Product Recall Program.’’
9. Additional benefits tailored to
specific industry needs may later
become available.
Additionally, the ISA–PS participant
will enjoy greater business certainty
because a reliable system of internal
controls ensures compliant product
safety transactions.
ISA–PS Continuing Participation
Requirements
Each ISA–PS participant must remain
an active member in ISA and comply
with all ISA requirements and
obligations, available at https://
www.cbp.gov/linkhandler/cgov/trade/
trade_programs/trade_compliance/
importer_self_assessment/isahb.ctt/
isahb.doc. Additionally, each ISA–PS
participant must remain in compliance
with the requirements of the ISA–PS/
CPSC Addendum and provide annual
written notification to CBP that it
continues to meet the requirements of
ISA–PS. In connection with this
PO 00000
Frm 00058
Fmt 4703
Sfmt 4703
notification, CBP and CPSC staff will
determine if additional discussions or
reviews of company controls or
documentation are necessary. In
addition, ISA–PS participants are
responsible for making appropriate
ongoing changes to internal controls as
needed.
If a participant fails to remain an
active member in ISA or fails to meet
the requirements of the ISA–PS/CPSC
Addendum, or is determined to have
violated a law or regulation
administered by CBP or the CPSC, the
participant may be subject to penalties,
liquidated damages, and/or removal
from the ISA removal from the ISA–PS.
If CBP and CPSC staff believe that there
is a basis for removal of an ISA–PS
participant, a written notice proposing
removal with a description of the facts
or conduct warranting removal, will be
provided to such participant. The
participant will be offered the
opportunity to respond to the proposed
removal notice within 30 days of the
date of the notice. CBP and CPSC will
issue a final written decision on the
proposed removal within 30 days of the
receipt of the response to the proposed
removal notice, if one was timely
received. In the case of a public health
interest and/or safety concern, a
participant may be removed
immediately from the ISA–PS. The
participant will be given an opportunity
to respond within 30 days to the notice
providing for immediate removal.
Evaluation of Pilot
CBP and CPSC staff intend to review
the ISA–PS pilot two years after its
effective date to measure its effects and
achievements, and recommend to CBP
and the Commission whether ISA–PS
shall become a permanent program.
Dated: October 21, 2008.
Jayson P. Ahern,
Acting Commissioner, Customs and Border
Protection.
[FR Doc. E8–25551 Filed 10–28–08; 8:45 am]
BILLING CODE 9111–14–P
DEPARTMENT OF HOMELAND
SECURITY
U.S. Customs and Border Protection
Quarterly IRS Interest Rates Used in
Calculating Interest on Overdue
Accounts and Refunds on Customs
Duties
Customs and Border Protection,
Department of Homeland Security.
AGENCY:
ACTION:
E:\FR\FM\29OCN1.SGM
General notice.
29OCN1
64359
Federal Register / Vol. 73, No. 210 / Wednesday, October 29, 2008 / Notices
SUMMARY: This notice advises the public
of the quarterly Internal Revenue
Service interest rates used to calculate
interest on overdue accounts
(underpayments) and refunds
(overpayments) of customs duties. For
the calendar quarter beginning October
1, 2008, the interest rates for
overpayments will be 5 percent for
corporations and 6 percent for noncorporations, and the interest rate for
underpayments will be 6 percent. This
notice is published for the convenience
of the importing public and Customs
and Border Protection personnel.
DATES: Effective Date: October 1, 2008.
FOR FURTHER INFORMATION CONTACT: Ron
Wyman, Revenue Division, Collection
and Refunds Branch, 6650 Telecom
Drive, Suite #100, Indianapolis, Indiana
46278; telephone (317) 614–4516.
SUPPLEMENTARY INFORMATION:
Background
Pursuant to 19 U.S.C. 1505 and
Treasury Decision 85–93, published in
the Federal Register on May 29, 1985
(50 FR 21832), the interest rate paid on
applicable overpayments or
underpayments of customs duties must
be in accordance with the Internal
Revenue Code rate established under 26
U.S.C. 6621 and 6622. Section 6621 was
amended (at paragraph (a)(1)(B) by the
Internal Revenue Service Restructuring
and Reform Act of 1998, Public Law
105–206, 112 Stat. 685) to provide
different interest rates applicable to
overpayments: one for corporations and
one for non-corporations.
The interest rates are based on the
Federal short-term rate and determined
by the Internal Revenue Service (IRS) on
behalf of the Secretary of the Treasury
on a quarterly basis. The rates effective
for a quarter are determined during the
first-month period of the previous
quarter.
In Revenue Ruling 2008–47, the IRS
determined the rates of interest for the
calendar quarter beginning October 1,
2008, and ending on December 31, 2008.
jlentini on PROD1PC65 with NOTICES
Beginning date
070174
070175
020176
020178
020180
020182
010183
070183
010185
070185
010186
070186
010187
100187
010188
040188
100188
040189
100189
040191
010192
040192
100192
070194
100194
040195
070195
040196
070196
040198
010199
040199
040100
040101
070101
010102
010103
100103
040104
070104
100104
040105
VerDate Aug<31>2005
17:17 Oct 28, 2008
Underpayments
(percent)
Ending date
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Jkt 217001
063075
013176
013178
013180
013182
123182
063083
123184
063085
123185
063086
123186
093087
123187
033188
093088
033189
093089
033191
123191
033192
093092
063094
093094
033195
063095
033196
063096
033198
123198
033199
033100
033101
063001
123101
123102
093003
033104
063004
093004
033105
093005
PO 00000
The interest rate paid to the Treasury for
underpayments will be the Federal
short-term rate (3%) plus three
percentage points (3%) for a total of six
percent (6%). For corporate
overpayments, the rate is the Federal
short-term rate (3%) plus two
percentage points (2%) for a total of five
percent (5%). For overpayments made
by non-corporations, the rate is the
Federal short-term rate (3%) plus three
percentage points (3%) for a total of six
percent (6%). These interest rates are
subject to change for the calendar
quarter beginning January 1, 2009, and
ending March 31, 2009.
For the convenience of the importing
public and Customs and Border
Protection personnel the following list
of IRS interest rates used, covering the
period from before July of 1974 to date,
to calculate interest on overdue
accounts and refunds of customs duties,
is published in summary format.
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Frm 00059
Fmt 4703
Sfmt 4703
E:\FR\FM\29OCN1.SGM
Corporate
overpayments
(Eff. 1–1–99)
(percent)
Overpayments
(percent)
6
9
7
6
12
20
16
11
13
11
10
9
9
10
11
10
11
12
11
10
9
8
7
8
9
10
9
8
9
8
7
8
9
8
7
6
5
4
5
4
5
6
29OCN1
6
9
7
6
12
20
16
11
13
11
10
9
8
9
10
9
10
11
10
9
8
7
6
7
8
9
8
7
8
7
7
8
9
8
7
6
5
4
5
4
5
6
........................
........................
........................
........................
........................
........................
........................
........................
........................
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6
7
8
7
6
5
4
3
4
3
4
5
64360
Federal Register / Vol. 73, No. 210 / Wednesday, October 29, 2008 / Notices
Beginning date
100105
070106
010108
040108
070108
100108
Underpayments
(percent)
Ending date
............................................................
............................................................
............................................................
............................................................
............................................................
............................................................
Dated: October 24, 2008.
Jayson P. Ahern,
Acting Commissioner, U.S. Customs and
Border Protection.
[FR Doc. E8–25812 Filed 10–28–08; 8:45 am]
BILLING CODE 9111–14–P
DEPARTMENT OF HOUSING AND
URBAN DEVELOPMENT
[Docket No. FR–5187–N–59]
Loan Guarantees for Indian Housing
Office of the Chief Information
Officer, HUD.
ACTION: Notice.
AGENCY:
The proposed information
collection requirement described below
has been submitted to the Office of
Management and Budget (OMB) for
review, as required by the Paperwork
Reduction Act. The Department is
soliciting public comments on the
subject proposal.
The information collected determines
if the Department will guarantee loans
and mortgage insurance made by private
lenders to Native American borrowers
on restricted land.
DATES: Comments Due Date: November
28, 2008.
SUMMARY:
063006
123107
033108
063008
093008
123108
...........................................................
...........................................................
...........................................................
...........................................................
...........................................................
...........................................................
Interested persons are
invited to submit comments regarding
this proposal. Comments should refer to
the proposal by name and/or OMB
approval number (2577–0200) and
should be sent to: HUD Desk Officer,
Office of Management and Budget, New
Executive Office Building, Washington,
DC 20503; fax: 202–395–6974.
FOR FURTHER INFORMATION CONTACT:
Lillian Deitzer, Reports Management
Officer, QDAM, Department of Housing
and Urban Development, 451 Seventh
Street, SW., Washington, DC 20410;
e-mail Lillian Deitzer at
Lillian_L._Deitzer@HUD.gov or
telephone (202) 402–8048. This is not a
toll-free number. Copies of available
documents submitted to OMB may be
obtained from Ms. Deitzer.
SUPPLEMENTARY INFORMATION: This
notice informs the public that the
Department of Housing and Urban
Development has submitted to OMB a
request for approval of the information
collection described below. This notice
is soliciting comments from members of
the public and affecting agencies
concerning the proposed collection of
information to: (1) Evaluate whether the
proposed collection of information is
necessary for the proper performance of
the functions of the agency, including
ADDRESSES:
7
8
7
6
5
6
Title of Proposal: Loan Guarantees for
Indian Housing.
OMB Approval Number: 2577–0200.
Form Numbers: HUD 53036, HUD
53038, FNMA forms 2003, 1003A, 1005,
and 1006.
Description of the Need for the
Information and its Proposed Use:
Information collected determines if
the Department will guarantee loans and
mortgage insurance made by private
lenders to Native American borrowers
on restricted land.
Frequency of Submission: On
occasion.
1,500
2
Authority: Section 3507 of the Paperwork
Reduction Act of 1995, 44 U.S.C. 35, as
amended.
jlentini on PROD1PC65 with NOTICES
DEPARTMENT OF THE INTERIOR
[FWS–R8–ES–2008–N0286; 80221–1113–
0000–F5]
Dated: October 23, 2008.
Lillian L. Deitzer,
Departmental Paperwork Reduction Act
Officer,Office of the Chief Information Officer.
[FR Doc. E8–25736 Filed 10–28–08; 8:45 am]
Endangered Species Recovery Permit
Applications
Fish and Wildlife Service
Fish and Wildlife Service,
Interior.
ACTION: Notice of receipt of permit
applications; request for comment.
AGENCY:
SUMMARY: We invite the public to
comment on the following applications
VerDate Aug<31>2005
17:17 Oct 28, 2008
Jkt 217001
PO 00000
Frm 00060
Fmt 4703
Sfmt 4703
6
7
6
5
4
5
This Notice Also Lists the Following
Information
Annual
responses
Total Estimated Burden Hours: 500.
Status: Extension of a currently
approved collection.
BILLING CODE 4210–67–P
7
8
7
6
5
6
whether the information will have
practical utility; (2) Evaluate the
accuracy of the agency’s estimate of the
burden of the proposed collection of
information; (3) Enhance the quality,
utility, and clarity of the information to
be collected; and (4) Minimize the
burden of the collection of information
on those who are to respond; including
through the use of appropriate
automated collection techniques or
other forms of information technology,
e.g., permitting electronic submission of
responses.
Number of
respondents
Reporting Burden: .............................................................................
Corporate
overpayments
(Eff. 1–1–99)
(percent)
Overpayments
(percent)
×
Hours per
response
0.17
=
Burden hours
500
to conduct certain activities with
endangered species.
DATES: Comments on these permit
applications must be received on or
before November 28, 2008.
ADDRESSES: Written data or comments
should be submitted to the U.S. Fish
and Wildlife Service, Endangered
Species Program Manager, Region 8,
2800 Cottage Way, Room W–2606,
Sacramento, CA, 95825 (telephone: 916–
414–6464; fax: 916–414–6486). Please
refer to the respective permit number for
each application when submitting
comments. All comments received,
including names and addresses, will
E:\FR\FM\29OCN1.SGM
29OCN1
]]>Agencies
[Federal Register Volume 73, Number 210 (Wednesday, October 29, 2008)]
[Notices]
[Pages 64358-64360]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-25812]
-----------------------------------------------------------------------
DEPARTMENT OF HOMELAND SECURITY
U.S. Customs and Border Protection
Quarterly IRS Interest Rates Used in Calculating Interest on
Overdue Accounts and Refunds on Customs Duties
AGENCY: Customs and Border Protection, Department of Homeland Security.
ACTION: General notice.
-----------------------------------------------------------------------
[[Page 64359]]
SUMMARY: This notice advises the public of the quarterly Internal
Revenue Service interest rates used to calculate interest on overdue
accounts (underpayments) and refunds (overpayments) of customs duties.
For the calendar quarter beginning October 1, 2008, the interest rates
for overpayments will be 5 percent for corporations and 6 percent for
non-corporations, and the interest rate for underpayments will be 6
percent. This notice is published for the convenience of the importing
public and Customs and Border Protection personnel.
DATES: Effective Date: October 1, 2008.
FOR FURTHER INFORMATION CONTACT: Ron Wyman, Revenue Division,
Collection and Refunds Branch, 6650 Telecom Drive, Suite 100,
Indianapolis, Indiana 46278; telephone (317) 614-4516.
SUPPLEMENTARY INFORMATION:
Background
Pursuant to 19 U.S.C. 1505 and Treasury Decision 85-93, published
in the Federal Register on May 29, 1985 (50 FR 21832), the interest
rate paid on applicable overpayments or underpayments of customs duties
must be in accordance with the Internal Revenue Code rate established
under 26 U.S.C. 6621 and 6622. Section 6621 was amended (at paragraph
(a)(1)(B) by the Internal Revenue Service Restructuring and Reform Act
of 1998, Public Law 105-206, 112 Stat. 685) to provide different
interest rates applicable to overpayments: one for corporations and one
for non-corporations.
The interest rates are based on the Federal short-term rate and
determined by the Internal Revenue Service (IRS) on behalf of the
Secretary of the Treasury on a quarterly basis. The rates effective for
a quarter are determined during the first-month period of the previous
quarter.
In Revenue Ruling 2008-47, the IRS determined the rates of interest
for the calendar quarter beginning October 1, 2008, and ending on
December 31, 2008. The interest rate paid to the Treasury for
underpayments will be the Federal short-term rate (3%) plus three
percentage points (3%) for a total of six percent (6%). For corporate
overpayments, the rate is the Federal short-term rate (3%) plus two
percentage points (2%) for a total of five percent (5%). For
overpayments made by non-corporations, the rate is the Federal short-
term rate (3%) plus three percentage points (3%) for a total of six
percent (6%). These interest rates are subject to change for the
calendar quarter beginning January 1, 2009, and ending March 31, 2009.
For the convenience of the importing public and Customs and Border
Protection personnel the following list of IRS interest rates used,
covering the period from before July of 1974 to date, to calculate
interest on overdue accounts and refunds of customs duties, is
published in summary format.
----------------------------------------------------------------------------------------------------------------
Corporate
Under- Over- payments overpayments
Beginning date Ending date payments (percent) (Eff. 1-1-99)
(percent) (percent)
----------------------------------------------------------------------------------------------------------------
070174............................... 063075................. 6 6 ..............
070175............................... 013176................. 9 9 ..............
020176............................... 013178................. 7 7 ..............
020178............................... 013180................. 6 6 ..............
020180............................... 013182................. 12 12 ..............
020182............................... 123182................. 20 20 ..............
010183............................... 063083................. 16 16 ..............
070183............................... 123184................. 11 11 ..............
010185............................... 063085................. 13 13 ..............
070185............................... 123185................. 11 11 ..............
010186............................... 063086................. 10 10 ..............
070186............................... 123186................. 9 9 ..............
010187............................... 093087................. 9 8 ..............
100187............................... 123187................. 10 9 ..............
010188............................... 033188................. 11 10 ..............
040188............................... 093088................. 10 9 ..............
100188............................... 033189................. 11 10 ..............
040189............................... 093089................. 12 11 ..............
100189............................... 033191................. 11 10 ..............
040191............................... 123191................. 10 9 ..............
010192............................... 033192................. 9 8 ..............
040192............................... 093092................. 8 7 ..............
100192............................... 063094................. 7 6 ..............
070194............................... 093094................. 8 7 ..............
100194............................... 033195................. 9 8 ..............
040195............................... 063095................. 10 9 ..............
070195............................... 033196................. 9 8 ..............
040196............................... 063096................. 8 7 ..............
070196............................... 033198................. 9 8 ..............
040198............................... 123198................. 8 7 ..............
010199............................... 033199................. 7 7 6
040199............................... 033100................. 8 8 7
040100............................... 033101................. 9 9 8
040101............................... 063001................. 8 8 7
070101............................... 123101................. 7 7 6
010102............................... 123102................. 6 6 5
010103............................... 093003................. 5 5 4
100103............................... 033104................. 4 4 3
040104............................... 063004................. 5 5 4
070104............................... 093004................. 4 4 3
100104............................... 033105................. 5 5 4
040105............................... 093005................. 6 6 5
[[Page 64360]]
100105............................... 063006................. 7 7 6
070106............................... 123107................. 8 8 7
010108............................... 033108................. 7 7 6
040108............................... 063008................. 6 6 5
070108............................... 093008................. 5 5 4
100108............................... 123108................. 6 6 5
----------------------------------------------------------------------------------------------------------------
Dated: October 24, 2008.
Jayson P. Ahern,
Acting Commissioner, U.S. Customs and Border Protection.
[FR Doc. E8-25812 Filed 10-28-08; 8:45 am]
BILLING CODE 9111-14-P
