Quarterly IRS Interest Rates Used in Calculating Interest on Overdue Accounts and Refunds on Customs Duties, 1225-1227 [E9-344]
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Federal Register / Vol. 74, No. 7 / Monday, January 12, 2009 / Notices
order, multiplied by the value of the
importer’s entries of the subject
merchandise in the previous 12-month
period.
sroberts on PROD1PC70 with NOTICES
World Trade Organization Disputes
Regarding EBR
On April 24, 2006, Thailand
requested consultations with respect to
certain issues relating to the imposition
of antidumping measures on shrimp
from Thailand, including the
application of the EBR to importers of
shrimp from Thailand. Thailand
requested the establishment of a panel
on September 15, 2006, and the World
Trade Organization (WTO) Dispute
Settlement Body (DSB) established a
panel on October 26, 2006.
On June 6, 2006, India requested
consultations with respect to certain
issues relating to Customs Bond
Directive 99–3510–004, as amended by
the Amendment to Bond Directive 99–
3510–004 for Certain Merchandise
Subject to Antidumping Countervailing
Duty Cases (July 9, 2004) and
clarifications and amendments thereof.
India alleged that the United States has
imposed on importers a requirement to
maintain a continuous entry bond in the
amount of the anti-dumping duty
margin multiplied by the value of
imports of subject shrimp imported by
the importer in the preceding year, and
that this action breached several
provisions of the General Agreement on
Tariffs and Trade 1994 (GATT 1994),
the WTO Agreement on Implementation
of Article VI of the General Agreement
on Tariffs and Trade 1994 (AD
Agreement), and the Agreement on
Subsidies and Countervailing Measures.
India requested the establishment of a
panel on October 13, 2006, and the DSB
established a panel on November 21,
2006.
The panels circulated the reports in
both cases on February 29, 2008. Among
other things, the panels found that the
additional bond requirement as applied
to importers of shrimp from Thailand
and India was a ‘‘specific action against
dumping’’ inconsistent with Article 18.1
of the AD Agreement and was
inconsistent with the Ad Note to
paragraphs 2 and 3 of GATT 1994
Article VI because it did not constitute
‘‘reasonable’’ security.2 On April 17,
2008, Thailand and India appealed the
findings of the panels with respect to
the additional bond requirement. The
United States cross-appealed one aspect
of those findings on April 29, 2008.
2 Panel Report, United States—Measures Relating
to Shrimp from Thailand, WT/DS343/R, adopted
August 1, 2008.
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20:34 Jan 09, 2009
Jkt 217001
The Appellate Body report was issued
on July 16, 2008.3 The Appellate Body
found that the panels properly
concluded that the additional bond
requirement as applied to importers of
shrimp from Thailand and India did not
constitute reasonable security. It
rejected Thailand and India’s other
claims regarding the panels’
interpretation of the Ad Note. The Panel
and Appellate Body reports were
adopted by the DSB on August 1, 2008.
On August 29, 2008, the United States
indicated that it intended to comply
with the recommendations and rulings
of the DSB.
Proposed Modification
CBP proposes to comply with the
recommendations and rulings of the
DSB by ending the designation of
shrimp covered by antidumping or
countervailing duty orders as a special
category or covered case subject to the
requirement of additional bond
amounts. Furthermore, shrimp
importers may request termination of
existing continuous bonds pursuant to
19 CFR 113.27(a) and submit a new
continuous bond application pursuant
to 19 CFR 113.12(b). The requirements
for submitting a new bond application
pursuant to 19 CFR 113.12 are available
on the CBP Web site at https://
www.cbp.gov/xp/cgov/trade/
priority_trade/revenue/bonds/
pilot_program/news_develop/ under the
‘‘Policy and Procedures’’ section.
After public comments are received,
reviewed, and considered, CBP will
publish in the Customs Bulletin and in
the Federal Register a final notice
regarding the designation of shrimp
covered by antidumping or
countervailing duty orders as a special
category or covered case subject to the
requirement of additional bond
amounts. Any change to the designation
of this merchandise and the bond
amounts required of importers of this
merchandise will be effective for entries
made on or after the date of publication
of the final notice.
Dated: January 7, 2009.
W. Ralph Basham,
Commissioner, Customs and Border
Protection.
[FR Doc. E9–343 Filed 1–9–09; 8:45 am]
BILLING CODE 9111–14–P
3 WTO Appellate Body Report, ‘‘United States—
Measures Relating to Shrimp from Thailand’’ and
‘‘United States—Customs Bond Directive for
Merchandise Subject to Anti-Dumping/
Countervailing Duties, WT/DS343/AB/R and WT/
DS345/AB/R, adopted August 1, 2008.
PO 00000
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1225
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.
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 January
1, 2009, the interest rates for
overpayments will be 4 percent for
corporations and 5 percent for noncorporations, and the interest rate for
underpayments will be 5 percent. This
notice is published for the convenience
of the importing public and Customs
and Border Protection personnel.
DATES: Effective Date: January 1, 2009.
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, Pub. L. 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 2008–54, the IRS
determined the rates of interest for the
calendar quarter beginning January 1,
2009, and ending on March 31, 2009.
The interest rate paid to the Treasury for
underpayments will be the Federal
short-term rate (2%) plus three
E:\FR\FM\12JAN1.SGM
12JAN1
1226
Federal Register / Vol. 74, No. 7 / Monday, January 12, 2009 / Notices
percentage points (3%) for a total of five
percent (5%). For corporate
overpayments, the rate is the Federal
short-term rate (2%) plus two
percentage points (2%) for a total of four
percent (4%). For overpayments made
by non-corporations, the rate is the
Federal short-term rate (2%) plus three
percentage points (3%) for a total of five
percent (5%). These interest rates are
subject to change for the calendar
quarter beginning April 1, 2009, and
ending June 30, 2009.
For the convenience of the importing
public and Customs and Border
Beginning date
sroberts on PROD1PC70 with NOTICES
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
100105
070106
010108
040108
070108
100108
010109
VerDate Nov<24>2008
20:34 Jan 09, 2009
Jkt 217001
Under
payments
(percent)
Ending date
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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
063006
123107
033108
063008
093008
123108
033109
Sfmt 4703
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 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
7
8
7
6
5
6
5
E:\FR\FM\12JAN1.SGM
12JAN1
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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
7
8
7
6
5
6
5
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6
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3
4
3
4
5
6
7
6
5
4
5
4
Federal Register / Vol. 74, No. 7 / Monday, January 12, 2009 / Notices
Dated: January 7, 2009.
Jayson P. Ahern,
Acting Commissioner, U.S. Customs and
Border Protection.
[FR Doc. E9–344 Filed 1–9–09; 8:45 am]
BILLING CODE 9111–14–P
DEPARTMENT OF HOUSING AND
URBAN DEVELOPMENT
[Docket No. FR–5285–N–01]
Notice of Proposed Information
Collection: Comment Request
Housing Counseling Program
sroberts on PROD1PC70 with NOTICES
AGENCY: Office of the Assistant
Secretary for Housing—Federal Housing
Commissioner, HUD.
ACTION: Notice.
SUMMARY: The proposed information
collection requirement described below
will be 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.
DATES: Comments Due Date: March 13,
2009.
ADDRESSES: Interested persons are
invited to submit comments regarding
this proposal. Comments should refer to
the proposal by name and/or OMB
Control Number and should be sent to:
Lillian Deitzer, Departmental Reports
Management Officer, QDAM,
Department of Housing and Urban
Development, 451 7th Street, SW.,
Washington, DC 20410; e-mail
Lillian_L._Deitzer@HUD.gov or
telephone (202) 402–8048.
FOR FURTHER INFORMATION CONTACT:
Brian Siebenlist, Deputy Director, Office
of Single Family Program Support
Division, Department of Housing and
Urban Development, 451 7th Street,
SW., Washington, DC 20410, telephone
(202) 402–5415 (this is not a toll free
number) for copies of the proposed
forms and other available information.
SUPPLEMENTARY INFORMATION: The
Department is submitting the proposed
information collection to OMB for
review, as required by the Paperwork
Reduction Act of 1995 (44 U.S.C.
Chapter 35, as amended).
This Notice is soliciting comments
from members of the public and affected
agencies concerning the proposed
collection of information to: (1) Evaluate
whether the proposed collection is
necessary for the proper performance of
the functions of the agency, including
whether the information will have
practical utility; (2) Evaluate the
VerDate Nov<24>2008
20:34 Jan 09, 2009
Jkt 217001
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
the use of appropriate automated
collection techniques or other forms of
information technology, e.g., permitting
electronic submission of responses.
This Notice also lists the following
information:
Title of Proposal: Housing Counseling
Program.
OMB Control Number, if applicable:
2502–0261.
Description of the need for the
information and proposed use:
Nonprofit organizations will submit
information to HUD through Grants.gov
to apply for funding to provide various
kinds of housing counseling assistance.
HUD will use the information to
evaluate applicants competitively and
then select organizations to receive
funding to supplement their housing
counseling program. The proposed
collection will allow HUD to evaluate
and select the most qualified
applicant(s). Post-award collection, such
as quarterly reports, will allow HUD to
evaluate grantee performance. This
collection of information also includes
renewal of various HUD forms,
including form HUD–9900, the Housing
Counseling Approval Application, and
form HUD–9902, Housing Counseling
Agency Activity Report. Additionally, it
covers the collection of client level data
and agency profile data.
Agency form numbers, if applicable:
SF–424, SF–424Supp, SF–424CB, SF–
LLL, HUD–27300, HUD–2880, HUD–
2990, HUD–2991, HUD–2994, HUD–
96010, HUD–9902.
Estimation of the total number of
hours needed to prepare the information
collection including number of
respondents, frequency of response, and
hours of response: The estimated total
number of hours needed to prepare the
information collection is 36,320; the
number of respondents is 12,450
generating approximately 39,980 annual
responses; the frequency of response is
on occasion or quarterly; and the
estimated time needed to prepare the
response is approximately 49 hours.
Status of the proposed information
collection: This is extension of an
already approved information
collection.
Authority: The Paperwork Reduction Act
of 1995, 44 U.S.C., Chapter 35, as amended.
PO 00000
Frm 00061
Fmt 4703
Sfmt 4703
1227
Dated: January 6, 2009.
Ronald Y. Spraker,
Acting General Deputy Assistant Secretary
for Housing—Deputy Federal Housing
Commissioner.
[FR Doc. E9–388 Filed 1–9–09; 8:45 am]
BILLING CODE 4210–67–P
DEPARTMENT OF HOUSING AND
URBAN DEVELOPMENT
[Docket No. FR–5275–N–01]
Native American Housing Assistance
and Self-Determination
Reauthorization Act of 2008: Initiation
of Negotiated Rulemaking
AGENCY: Office of Assistant Secretary for
Public and Indian Housing, HUD.
ACTION: Notice.
SUMMARY: This notice announces that
HUD is initiating negotiated rulemaking
for the purpose of developing regulatory
changes to the programs authorized
under the Native American Housing
Assistance and Self-Determination Act
of 1996 (NAHASDA). Changes to these
programs were made by the Native
American Housing Assistance and SelfDetermination Reauthorization Act of
2008, which also directs that HUD
undertake negotiated rulemaking to
implement the statutory revisions. This
notice provides background information
on the NAHASDA programs and
describes the next steps in the
negotiated rulemaking process.
FOR FURTHER INFORMATION CONTACT:
Rodger J. Boyd, Deputy Assistant
Secretary for Native American
Programs, Office of Public and Indian
Housing, Department of Housing and
Urban Development, 451 7th Street,
SW., Room 4126, Washington, DC
20410–5000, telephone at 202–401–
7914 (this is not a toll-free number).
Persons with hearing or speech
impediments may access this number
through TTY by calling the toll-free
Federal Information Relay Service at
800–877–8339 (this is a toll-free
number).
SUPPLEMENTARY INFORMATION:
I. Background
The Native American Housing
Assistance and Self-Determination Act
of 1996 (25 U.S.C. 4101 et seq.)
(NAHASDA) changed the way that
housing assistance is provided to Native
Americans. NAHASDA eliminated
several separate assistance programs
and replaced them with a single block
grant program, known as the Indian
Housing Block Grant (IHBG) Program. In
addition, title VI of NAHASDA
E:\FR\FM\12JAN1.SGM
12JAN1
]]>Agencies
[Federal Register Volume 74, Number 7 (Monday, January 12, 2009)]
[Notices]
[Pages 1225-1227]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-344]
-----------------------------------------------------------------------
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.
-----------------------------------------------------------------------
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 January 1, 2009, the interest rates
for overpayments will be 4 percent for corporations and 5 percent for
non-corporations, and the interest rate for underpayments will be 5
percent. This notice is published for the convenience of the importing
public and Customs and Border Protection personnel.
DATES: Effective Date: January 1, 2009.
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, Pub. L. 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 2008-54, the IRS determined the rates of interest
for the calendar quarter beginning January 1, 2009, and ending on March
31, 2009. The interest rate paid to the Treasury for underpayments will
be the Federal short-term rate (2%) plus three
[[Page 1226]]
percentage points (3%) for a total of five percent (5%). For corporate
overpayments, the rate is the Federal short-term rate (2%) plus two
percentage points (2%) for a total of four percent (4%). For
overpayments made by non-corporations, the rate is the Federal short-
term rate (2%) plus three percentage points (3%) for a total of five
percent (5%). These interest rates are subject to change for the
calendar quarter beginning April 1, 2009, and ending June 30, 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 over-
Beginning date Ending date Under payments Over- payments payments (Eff.
(percent) (percent) 1-1-99)
----------------------------------------------------------------------------------------------------(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
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
010109.................................. 033109 5 5 4
----------------------------------------------------------------------------------------------------------------
[[Page 1227]]
Dated: January 7, 2009.
Jayson P. Ahern,
Acting Commissioner, U.S. Customs and Border Protection.
[FR Doc. E9-344 Filed 1-9-09; 8:45 am]
BILLING CODE 9111-14-P
