30-Day FR Notice

38240

Federal Register / Vol. 73, No. 129 / Thursday, July 3, 2008 / Notices

DEPARTMENT OF HOMELAND
SECURITY
U.S. Customs and Border Protection
Agency Information Collection
Activities: Line Release Regulations
U.S. Customs and Border
Protection, Department of Homeland
Security.
ACTION: 30-Day Notice and request for
comments; Extension of an existing
information collection: 1651–0075.

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AGENCY:

SUMMARY: U.S. Customs and Border
Protection (CBP) of the Department of
Homeland Security has submitted the
following information collection request
to the Office of Management and Budget
(OMB) for review and approval in
accordance with the Paperwork
Reduction Act of 1995: Line Release
Regulations. This is a proposed
extension of an information collection
that was previously approved. CBP is
proposing that this information
collection be extended with no change
to the burden hours. This document is
published to obtain comments from the
public and affected agencies. This
proposed information collection was
previously published in the Federal
Register (73 FR 22161) on April 24,
2008, 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.
DATES: Written comments should be
received on or before August 4, 2008.
ADDRESSES: Interested persons are
invited to submit written comments on
the 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
[email protected] or faxed
to (202) 395–6974.
SUPPLEMENTARY INFORMATION: CBP
encourages the general public and
affected Federal agencies to submit
written comments and suggestions on
proposed and/or continuing information
collection requests pursuant to the
Paperwork Reduction Act of 1995 (Pub.
L. 104–13). Your comments should
address one of the following four points:
(1) Evaluate whether the proposed
collection of information is necessary
for the proper performance of the
functions of the agency/component,
including whether the information will
have practical utility;

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(2) Evaluate the accuracy of the
agencies/components estimate of the
burden of the proposed collection of
information, including the validity of
the methodology and assumptions used;
(3) Enhance the quality, utility, and
clarity of the information to be
collected; and
(4) Minimize the burden of the
collections of information on those who
are to respond, including the use of
appropriate automated, electronic,
mechanical, or other technological
collection techniques or other forms of
information technology, e.g., permitting
electronic submission of responses.
Title: Line Release Regulations.
OMB Number: 1651–0060.
Form Number: N/A.
Abstract: Line release was developed
to release and track high volume and
repetitive shipments using bar code
technology and PCS. An application is
submitted to CBP by the filer and a
common commodity classification code
(C4) is assigned to the application.
Current Actions: There are no changes
to the information collection. This
submission is being submitted to extend
the expiration date.
Type of Review: Extension (without
change).
Affected Public: Business or other forprofit institutions.
Estimated Number of Respondents:
25,700.
Estimated Time per Response: 15
minutes.
Estimated Total Annual Burden
Hours: 6,425.
If additional information is required
contact: Tracey Denning, U.S. Customs
and Border Protection, 1300
Pennsylvania Avenue, NW., Room
3.2.C, Washington, DC 20229, at 202–
344–1429.
Dated: June 26, 2008.
Tracey Denning,
Agency Clearance Officer, Customs and
Border Protection.
[FR Doc. E8–15163 Filed 7–2–08; 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.
ACTION: General notice.
AGENCY:

SUMMARY: This notice advises the public
of the quarterly Internal Revenue

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Service interest rates used to calculate
interest on overdue accounts
(underpayments) and refunds
(overpayments) of customs duties. For
the calendar quarter beginning July 1,
2008, 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: July 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, 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 2008–27, the IRS
determined the rates of interest for the
calendar quarter beginning July 1, 2008,
and ending on September 30, 2008. The
interest rate paid to the Treasury for
underpayments will be the Federal
short-term rate (2%) plus three
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 October 1, 2008, and
ending December 31, 2008.
For the convenience of the importing
public and Customs and Border

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