Quarterly IRS Interest Rates Used in Calculating Interest on Overdue Accounts and Refunds on Customs Duties, 48093-48094 [E9-22614]
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48093
Federal Register / Vol. 74, No. 181 / Monday, September 21, 2009 / Notices
OMB Number: 1651–0014.
Form Number: Form 3299.
Abstract: The Declaration for Free
Entry of Unaccompanied Articles,
Form 3299, is prepared by individuals
or a broker acting as an agent for the
individual, or in some cases, the CBP
officer. This Form allows individuals to
claim duty-free entry of personal and
household effects that do not
accompany the individual upon his or
her arrival in the United States.
Current Actions: CBP is proposing to
increase the burden hours associated
with this collection of information as a
result of increasing the estimated time
per response from 10 minutes to 45
minutes for Form 3299.
Type of Review: Extension (with
change).
Affected Public: Individuals,
Businesses.
Estimated Number of Respondents:
150,000.
Estimated Number of Annual
Responses per Respondent: 1.
Estimated Total Annual Responses:
150,000.
Estimated Time per Response: 45
minutes.
Estimated Total Annual Burden
Hours: 112,500.
Dated: September 16, 2009.
Tracey Denning,
Agency Clearance Officer, Customs and
Border Protection.
[FR Doc. E9–22679 Filed 9–18–09; 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
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 October
1, 2009, the interest rates for
overpayments will be 3 percent for
corporations and 4 percent for noncorporations, and the interest rate for
underpayments will be 4 percent. This
notice is published for the convenience
of the importing public and Customs
and Border Protection personnel.
DATES: Effective Date: October 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
Ending
date
mstockstill on DSKH9S0YB1PROD with NOTICES
Beginning date
070174
070175
020176
020178
020180
020182
010183
070183
010185
070185
010186
070186
010187
100187
010188
040188
100188
040189
100189
040191
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VerDate Nov<24>2008
17:24 Sep 18, 2009
Jkt 217001
PO 00000
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 2009–27, the IRS
determined the rates of interest for the
calendar quarter beginning October 1,
2009, and ending on December 31, 2009.
The interest rate paid to the Treasury for
underpayments will be the Federal
short-term rate (1%) plus three
percentage points (3%) for a total of four
percent (4%). For corporate
overpayments, the rate is the Federal
short-term rate (1%) plus two
percentage points (2%) for a total of
three percent (3%). For overpayments
made by non-corporations, the rate is
the Federal short-term rate (1%) plus
three percentage points (3%) for a total
of four percent (4%). These interest
rates are subject to change for the
calendar quarter beginning January 1,
2010, and ending March 31, 2010.
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.
Frm 00043
Fmt 4703
Sfmt 4703
Under-payments
(percent)
Over-payments
(percent)
6
9
7
6
12
20
16
11
13
11
10
9
9
10
11
10
11
12
11
10
6
9
7
6
12
20
16
11
13
11
10
9
8
9
10
9
10
11
10
9
063075
013176
013178
013180
013182
123182
063083
123184
063085
123185
063086
123186
093087
123187
033188
093088
033189
093089
033191
123191
E:\FR\FM\21SEN1.SGM
21SEN1
Corporate overpayments
(Eff. 1–1–99)
(percent)
48094
Federal Register / Vol. 74, No. 181 / Monday, September 21, 2009 / Notices
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
040109
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Dated: September 16, 2009.
Jayson P. Ahern,
Acting Commissioner, U.S. Customs and
Border Protection.
[FR Doc. E9–22614 Filed 9–18–09; 8:45 am]
BILLING CODE 9111–14–P
DEPARTMENT OF HOMELAND
SECURITY
U.S. Customs and Border Protection
U.S. Customs and Border Protection
Trade Symposium 2009: ‘‘10 Year
Anniversary: A Decade of Progress in
Partnership’’
AGENCY:
Customs and Border Protection,
DHS.
mstockstill on DSKH9S0YB1PROD with NOTICES
ACTION:
Notice of Trade Symposium.
SUMMARY: This document announces
that U.S. Customs and Border Protection
(CBP) will convene its annual trade
symposium, featuring panel discussions
involving agency personnel, members of
the trade community and other
government agencies, on the agency’s
role in international trade initiatives
and programs. This year marks our tenth
year hosting a trade symposium.
Members of the international trade and
transportation communities and other
VerDate Nov<24>2008
17:24 Sep 18, 2009
Jkt 217001
Frm 00044
Fmt 4703
Sfmt 4703
Over-payments
(percent)
Corporate overpayments
(Eff. 1–1–99)
(percent)
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
4
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
4
6
7
8
7
6
5
4
3
4
3
4
5
6
7
6
5
4
5
4
3
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
123109
interested parties are encouraged to
attend.
DATES: Tuesday, December 8, 2009
(opening remarks and panel discussions
beginning at 1 p.m. and open forum
with senior management (6 p.m.–8
p.m.)). Wednesday, December 9, 2009
(panel discussions—8 a.m.–5 p.m.).
Thursday, December 10, 2009 (panel
discussions ending by 1 p.m.).
ADDRESSES: The CBP Trade Symposium
will be held in a ballroom at the Walter
E. Washington Convention Center, 801
Mount Vernon Place, NW., Washington,
DC 20001. Upon entry into the building,
check with the security guards for
directions to the specific ballroom.
FOR FURTHER INFORMATION CONTACT: The
Office of Trade Relations at (202) 344–
1440, or at tradeevents@dhs.gov. To
obtain the latest information on the
Symposium and to register on-line, visit
the CBP Web site at https://www.cbp.gov.
Requests for special needs should be
sent to the Office of Trade Relations at
tradeevents@dhs.gov.
SUPPLEMENTARY INFORMATION: On
November 30, 2000, the U.S. Customs
Service (now CBP) convened its first
major trade symposium to discuss the
agency’s programs, strategic plans, and
its mission for trade in the 21st century.
This year marks our tenth year hosting
a trade symposium. The agenda for the
PO 00000
Under-payments
(percent)
Ending
date
Beginning date
2009 CBP Trade Symposium and the
keynote speaker will be announced at a
later date on the CBP Web site. The cost
is $290.00 per person, and includes all
Symposium activities. Interested parties
are requested to register early, as space
is limited. Registration will open to the
public on or about October 1, 2009. All
registrations must be made on-line at
the CBP Web site (https://www.cbp.gov)
and payment will only be accepted by
credit card.
Consideration will be given, in a first
come, first served order, based on space
availability. Due to the overwhelming
interest to attend the Symposium, each
company is requested to limit their
company’s registrations to three
participants, in order to afford equal
representation from all members of the
international trade community. If a
company exceeds the limitation, any
additional names submitted for
registration will automatically be placed
on the waiting list.
Hotel accommodations have been
reserved at the Grand Hyatt Washington,
1000 H Street, NW., Washington, DC. A
block of rooms have been reserved for
Monday through Thursday, December
7–10, 2009, at the rate of U.S. $214.00
per night. Reservations must be made
directly with the hotel by November 9th
on-line at https://resweb.passkey.com/
E:\FR\FM\21SEN1.SGM
21SEN1
]]>Agencies
[Federal Register Volume 74, Number 181 (Monday, September 21, 2009)]
[Notices]
[Pages 48093-48094]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-22614]
-----------------------------------------------------------------------
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 October 1, 2009, the interest rates
for overpayments will be 3 percent for corporations and 4 percent for
non-corporations, and the interest rate for underpayments will be 4
percent. This notice is published for the convenience of the importing
public and Customs and Border Protection personnel.
DATES: Effective Date: October 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, 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 2009-27, the IRS determined the rates of interest
for the calendar quarter beginning October 1, 2009, and ending on
December 31, 2009. The interest rate paid to the Treasury for
underpayments will be the Federal short-term rate (1%) plus three
percentage points (3%) for a total of four percent (4%). For corporate
overpayments, the rate is the Federal short-term rate (1%) plus two
percentage points (2%) for a total of three percent (3%). For
overpayments made by non-corporations, the rate is the Federal short-
term rate (1%) plus three percentage points (3%) for a total of four
percent (4%). These interest rates are subject to change for the
calendar quarter beginning January 1, 2010, and ending March 31, 2010.
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
Ending Under- Over- overpayments
Beginning date date payments payments (Eff. 1-1-99)
(percent) (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 ...............
[[Page 48094]]
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
040109..................................................... 123109 4 4 3
----------------------------------------------------------------------------------------------------------------
Dated: September 16, 2009.
Jayson P. Ahern,
Acting Commissioner, U.S. Customs and Border Protection.
[FR Doc. E9-22614 Filed 9-18-09; 8:45 am]
BILLING CODE 9111-14-P
