Vessels in Foreign and Domestic Trades, 54808 [2012-21999]

Download as PDF 54808 Federal Register / Vol. 77, No. 173 / Thursday, September 6, 2012 / Rules and Regulations § 232.101 Mandated electronic submissions and exceptions. (a) * * * (1) * * * (ix) Form ID (§§ 239.63, 249.446, 269.7 and 274.402 of this chapter); the Form ID authenticating document required by Rule 10(b) of Regulation S– T (§ 232.10(b)) also shall be filed in electronic format as an uploaded Portable Document Format (PDF) attachment to the Form ID filing. Other related correspondence and supplemental information submitted after the Form ID filing shall not be submitted in electronic format; * * * * * 4. Section 232.301 is revised to read as follows: Dated: August 29, 2012. Elizabeth M. Murphy, Secretary. DEPARTMENT OF THE TREASURY Internal Revenue Service [FR Doc. 2012–21805 Filed 9–5–12; 8:45 am] [TD 9598] RIN 1545–BK98 DEPARTMENT OF HOMELAND SECURITY Integrated Hedging Transactions of Qualifying Debt Customs and Border Protection AGENCY: 19 CFR Part 4 Vessels in Foreign and Domestic Trades CFR Correction ■ TKELLEY on DSK3SPTVN1PROD with RULES § 232.301 EDGAR Filer Manual. Filers must prepare electronic filings in the manner prescribed by the EDGAR Filer Manual, promulgated by the Commission, which sets out the technical formatting requirements for electronic submissions. The requirements for becoming an EDGAR Filer and updating company data are set forth in the updated EDGAR Filer Manual, Volume I: ‘‘General Information,’’ Version 13 (July 2012). The requirements for filing on EDGAR are set forth in the updated EDGAR Filer Manual, Volume II: ‘‘EDGAR Filing,’’ Version 20 (July 2012). All of these provisions have been incorporated by reference into the Code of Federal Regulations, which action was approved by the Director of the Federal Register in accordance with 5 U.S.C. 552(a) and 1 CFR Part 51. You must comply with these requirements in order for documents to be timely received and accepted. You can obtain paper copies of the EDGAR Filer Manual from the following address: Public Reference Room, U.S. Securities and Exchange Commission, 100 F Street NE., Room 1543, Washington, DC 20549, on official business days between the hours of 10:00 a.m. and 3:00 p.m. Electronic copies are available on the Commission’s Web site. The address for the Filer Manual is http://www.sec.gov/ info/edgar.shtml. You can also inspect the document at the National Archives and Records Administration (NARA). For information on the availability of this material at NARA, call 202–741– 6030, or go to:http://www.archives.gov/ federal_register/code_of_ federal_regulations/ibr_ locations.html. In Title 19 of the Code of Federal Regulations, Parts 1 to 99, revised as of April 1, 2012, on page 14, in § 4.7, paragraph (b)(4) introductory text is corrected to read as follows; § 4.7 Inward foreign manifest; production on demand; contents and form; advance electronic filing of cargo declaration. * * * * * (b) * * * (4) Carriers of bulk cargo as specified in paragraph (b)(4)(i) of this section and carriers of break bulk cargo to the extent provided in paragraph (b)(4)(ii) of this section are exempt, with respect only to the bulk or break bulk cargo being transported, from the requirement set forth in paragraph (b)(2) of this section that an electronic cargo declaration be received by CBP 24 hours before such cargo is laden aboard the vessel at the foreign port. With respect to exempted carriers of bulk or break bulk cargo operating voyages to the United States, CBP must receive the electronic cargo declaration covering the bulk or break bulk cargo they are transporting 24 hours prior to the vessel’s arrival in the United States (see § 4.30(n)). However, for any containerized or non-qualifying break bulk cargo these exempted carriers will be transporting, CBP must receive the electronic cargo declaration 24 hours in advance of loading. * * * * * [FR Doc. 2012–21999 Filed 9–5–12; 8:45 am] BILLING CODE 1505–01–D By the Commission. VerDate Mar<15>2010 16:13 Sep 05, 2012 Jkt 226001 26 CFR Part 1 BILLING CODE 8011–01–P PO 00000 Frm 00022 Fmt 4700 Sfmt 4700 Internal Revenue Service (IRS), Treasury. ACTION: Temporary and final regulations. This document contains temporary regulations that address certain integrated transactions that involve a foreign currency denominated debt instrument and multiple associated hedging transactions. The regulations provide that if a taxpayer has identified multiple hedges as being part of a qualified hedging transaction, and the taxpayer has terminated at least one but less than all of the hedges (including a portion of one or more of the hedges), the taxpayer must treat the remaining hedges as having been sold for fair market value on the date of disposition of the terminated hedge. The text of the temporary regulations also serves as the text of the proposed regulations set forth in the notice of proposed rulemaking on this subject in the Proposed Rules section in this issue of the Federal Register. DATES: Effective Date. These regulations are effective on September 6, 2012. Applicability Date. These regulations apply to leg-outs within the meaning of § 1.988–5(a)(6)(ii) which occur on or after September 6, 2012. FOR FURTHER INFORMATION CONTACT: Sheila Ramaswamy, at (202) 622–3870 (not a toll-free number). SUPPLEMENTARY INFORMATION: SUMMARY: Background Section 1.988–5 provides detailed rules that permit the integration of a qualifying debt instrument with a § 1.988–5(a) hedge. The effect of integration under the regulations is to create a synthetic debt instrument. Generally, if a taxpayer enters into a qualified hedging transaction and meets the requirements of the regulations, no exchange gain or loss is recognized on the debt instrument or the hedge for the period that it is part of a qualified hedging transaction (provided that the synthetic debt instrument is not denominated in a nonfunctional currency). See § 1.988–5(a)(9). A qualified hedging transaction is an integrated economic transaction E:\FR\FM\06SER1.SGM 06SER1

Agencies

[Federal Register Volume 77, Number 173 (Thursday, September 6, 2012)]
[Rules and Regulations]
[Page 54808]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-21999]


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DEPARTMENT OF HOMELAND SECURITY

Customs and Border Protection

19 CFR Part 4


Vessels in Foreign and Domestic Trades

CFR Correction

    In Title 19 of the Code of Federal Regulations, Parts 1 to 99, 
revised as of April 1, 2012, on page 14, in Sec.  4.7, paragraph (b)(4) 
introductory text is corrected to read as follows;


Sec.  4.7  Inward foreign manifest; production on demand; contents and 
form; advance electronic filing of cargo declaration.

* * * * *
    (b) * * *
    (4) Carriers of bulk cargo as specified in paragraph (b)(4)(i) of 
this section and carriers of break bulk cargo to the extent provided in 
paragraph (b)(4)(ii) of this section are exempt, with respect only to 
the bulk or break bulk cargo being transported, from the requirement 
set forth in paragraph (b)(2) of this section that an electronic cargo 
declaration be received by CBP 24 hours before such cargo is laden 
aboard the vessel at the foreign port. With respect to exempted 
carriers of bulk or break bulk cargo operating voyages to the United 
States, CBP must receive the electronic cargo declaration covering the 
bulk or break bulk cargo they are transporting 24 hours prior to the 
vessel's arrival in the United States (see Sec.  4.30(n)). However, for 
any containerized or non-qualifying break bulk cargo these exempted 
carriers will be transporting, CBP must receive the electronic cargo 
declaration 24 hours in advance of loading.
* * * * *
[FR Doc. 2012-21999 Filed 9-5-12; 8:45 am]
BILLING CODE 1505-01-D