Quarterly IRS Interest Rates Used in Calculating Interest on Overdue Accounts and Refunds on Customs Duties, 6526-6527 [2016-02402]
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asabaliauskas on DSK5VPTVN1PROD with NOTICES
6526
Federal Register / Vol. 81, No. 25 / Monday, February 8, 2016 / Notices
published to obtain comments from the
public and affected agencies.
DATES: Written comments should be
received on or before March 9, 2016 to
be assured of consideration.
ADDRESSES: Interested persons are
invited to submit written comments on
this proposed information collection to
the Office of Information and Regulatory
Affairs, Office of Management and
Budget. Comments should be addressed
to the OMB Desk Officer for Customs
and Border Protection, Department of
Homeland Security, and sent via
electronic mail to oira_submission@
omb.eop.gov or faxed to (202) 395–5806.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information
should be directed to Tracey Denning,
U.S. Customs and Border Protection,
Regulations and Rulings, Office of
International Trade, 90 K Street NE.,
10th Floor, Washington, DC 20229–
1177, at 202–325–0265.
SUPPLEMENTARY INFORMATION: This
proposed information collection was
previously published in the Federal
Register (80 FR 62085) on October 15,
2015, allowing for a 60-day comment
period. This notice allows for an
additional 30 days for public comments.
This process is conducted in accordance
with 5 CFR 1320.10. CBP invites the
general public and other Federal
agencies to comment on proposed and/
or continuing information collections
pursuant to the Paperwork Reduction
Act of 1995 (Pub. L. 104–13; 44 U.S.C.
3507). The comments should address:
(a) Whether the collection of
information is necessary for the proper
performance of the functions of the
agency, including whether the
information shall have practical utility;
(b) the accuracy of the agency’s
estimates of the burden of the collection
of information; (c) ways to enhance the
quality, utility, and clarity of the
information to be collected; (d) ways to
minimize the burden, including the use
of automated collection techniques or
the use of other forms of information
technology; and (e) the annual costs to
respondents or record keepers from the
collection of information (total capital/
startup costs and operations and
maintenance costs). The comments that
are submitted will be summarized and
included in the CBP request for OMB
approval. All comments will become a
matter of public record. In this
document, CBP is soliciting comments
concerning the following information
collection:
Title: Application for Exportation of
Articles under Special Bond.
OMB Number: 1651–0004.
Form Number: CBP Form 3495.
VerDate Sep<11>2014
17:51 Feb 05, 2016
Jkt 238001
Abstract: CBP Form 3495, Application
for Exportation of Articles Under
Special Bond, is an application for
exportation of articles entered under
temporary bond pursuant to 19 U.S.C.
1202, Chapter 98, subchapter XIII,
Harmonized Tariff Schedule of the
United States, and 19 CFR 10.38. CBP
Form 3495 is used by importers to
notify CBP that the importer intends to
export goods that were subject to a duty
exemption based on a temporary stay in
this country. It also serves as a permit
to export in order to satisfy the
importer’s obligation to export the same
goods and thereby get a duty exemption.
This form is accessible at: https://
www.cbp.gov/newsroom/publications/
forms?title=3495&=Apply.
Current Actions: CBP proposes to
extend the expiration date of this
information collection with no change
to the burden hours or to the
information being collected.
Type of Review: Extension (without
change).
Affected Public: Businesses.
Estimated Number of Respondents:
500.
Estimated Number of Responses per
Respondent: 30.
Estimated Total Annual Responses:
15,000.
Estimated Time per Response: 8
minutes.
Estimated Total Annual Burden
Hours: 2,000.
Dated: February 1, 2016.
Tracey Denning,
Agency Clearance Officer, U.S. Customs and
Border Protection.
[FR Doc. 2016–02398 Filed 2–5–16; 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
U.S. Customs and Border
Protection, Department of Homeland
Security.
ACTION: General notice.
AGENCY:
This notice advises the public
that the quarterly Internal Revenue
Service interest rates used to calculate
interest on overdue accounts
(underpayments) and refunds
(overpayments) of customs duties
remain unchanged from the previous
quarter. For the calendar quarter
beginning January 1, 2016, the interest
SUMMARY:
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Frm 00026
Fmt 4703
Sfmt 4703
rates for overpayments will be 2 percent
for corporations and 3 percent for noncorporations, and the interest rate for
underpayments will be 3 percent for
both corporations and non-corporations.
This notice is published for the
convenience of the importing public
and U.S. Customs and Border Protection
personnel.
DATES: Effective Date: January 1, 2016.
FOR FURTHER INFORMATION CONTACT:
Michael P. Dean, Revenue Division,
Collection and Refunds Branch, 6650
Telecom Drive, Suite #100,
Indianapolis, Indiana 46278; telephone
(317) 614–4882.
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
provides different interest rates
applicable to overpayments: One for
corporations and one for noncorporations.
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 2015–23, the IRS
determined the rates of interest for the
calendar quarter beginning January 1,
2016, and ending on March 31, 2016.
The interest rate paid to the Treasury for
underpayments will be the Federal
short-term rate (1%) plus two
percentage points (2%) for a total of
three percent (3%) for both corporations
and non-corporations. For corporate
overpayments, the rate is the Federal
short-term rate (1%) plus one
percentage point (1%) for a total of two
percent (2%). For overpayments made
by non-corporations, the rate is the
Federal short-term rate (1%) plus two
percentage points (2%) for a total of
three percent (3%). These interest rates
are subject to change for the calendar
quarter beginning April 1, 2016, and
ending June 30, 2016.
For the convenience of the importing
public and U.S. 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
E:\FR\FM\08FEN1.SGM
08FEN1
6527
Federal Register / Vol. 81, No. 25 / Monday, February 8, 2016 / Notices
accounts and refunds of customs duties,
is published in summary format.
Ending
date
Beginning date
asabaliauskas on DSK5VPTVN1PROD 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
040109
010111
040111
100111
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Under-payments
(percent)
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
123110
033111
093011
033116
Over-payments
(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
4
3
4
3
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
7
8
7
6
5
6
5
4
3
4
3
Dated: February 3, 2016.
R. Gil Kerlikowske,
Commissioner.
[FR Doc. 2016–02402 Filed 2–5–16; 8:45 am]
BILLING CODE 9111–14–P
VerDate Sep<11>2014
17:51 Feb 05, 2016
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E:\FR\FM\08FEN1.SGM
08FEN1
Corporate overpayments
(Eff. 1–1–99)
(percent)
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6
7
8
7
6
5
4
3
4
3
4
5
6
7
6
5
4
5
4
3
2
3
2
]]>Agencies
[Federal Register Volume 81, Number 25 (Monday, February 8, 2016)]
[Notices]
[Pages 6526-6527]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-02402]
-----------------------------------------------------------------------
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: U.S. Customs and Border Protection, Department of Homeland
Security.
ACTION: General notice.
-----------------------------------------------------------------------
SUMMARY: This notice advises the public that the quarterly Internal
Revenue Service interest rates used to calculate interest on overdue
accounts (underpayments) and refunds (overpayments) of customs duties
remain unchanged from the previous quarter. For the calendar quarter
beginning January 1, 2016, the interest rates for overpayments will be
2 percent for corporations and 3 percent for non-corporations, and the
interest rate for underpayments will be 3 percent for both corporations
and non-corporations. This notice is published for the convenience of
the importing public and U.S. Customs and Border Protection personnel.
DATES: Effective Date: January 1, 2016.
FOR FURTHER INFORMATION CONTACT: Michael P. Dean, Revenue Division,
Collection and Refunds Branch, 6650 Telecom Drive, Suite #100,
Indianapolis, Indiana 46278; telephone (317) 614-4882.
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 provides 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 2015-23, the IRS determined the rates of interest
for the calendar quarter beginning January 1, 2016, and ending on March
31, 2016. The interest rate paid to the Treasury for underpayments will
be the Federal short-term rate (1%) plus two percentage points (2%) for
a total of three percent (3%) for both corporations and non-
corporations. For corporate overpayments, the rate is the Federal
short-term rate (1%) plus one percentage point (1%) for a total of two
percent (2%). For overpayments made by non-corporations, the rate is
the Federal short-term rate (1%) plus two percentage points (2%) for a
total of three percent (3%). These interest rates are subject to change
for the calendar quarter beginning April 1, 2016, and ending June 30,
2016.
For the convenience of the importing public and U.S. 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
[[Page 6527]]
accounts and refunds of customs duties, is published in summary format.
----------------------------------------------------------------------------------------------------------------
Corporate
Under-payments Over-payments overpayments
Beginning date Ending date (percent) (percent) (Eff. 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
040109.................................. 123110 4 4 3
010111.................................. 033111 3 3 2
040111.................................. 093011 4 4 3
100111.................................. 033116 3 3 2
----------------------------------------------------------------------------------------------------------------
Dated: February 3, 2016.
R. Gil Kerlikowske,
Commissioner.
[FR Doc. 2016-02402 Filed 2-5-16; 8:45 am]
BILLING CODE 9111-14-P
