View Rule

View EO 12866 Meetings Printer-Friendly Version     Download RIN Data in XML
TREAS/DO RIN: 1505-AC18 Publication ID: Spring 2010 
Title: Drawback of Internal Revenue Excise Tax 
Abstract: This document proposes to amend title 19 of the Code of Federal Regulations (19 CFR) to preclude situations where imported merchandise is allowed into the United States 99 percent free of Federal excise tax. Specifically, the proposed amendments would preclude the filing of a substitution drawback claim for internal revenue excise tax paid on imported merchandise in situations where no excise tax was paid upon the removal of the substituted merchandise from bonded warehouse or where the substituted merchandise is the subject of a different claim for refund or drawback of tax under any provision of the Internal Revenue Code. This document also proposes to amend 19 CFR by adding a basic importation and entry bond condition to foster compliance with the amended drawback provision. These proposed amendments are necessary to protect the revenue by clarifying the relationship between drawback claims and Federal excise tax liability. 
Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Completed Actions 
Major: No  Unfunded Mandates: No 
CFR Citation: 19 CFR 113.62    19 CFR 191.32   
Legal Authority: 5 USC 301    19 USC 66    19 USC 1202 (General Note 3(i), Harmonized Tariff Schedule of the United States)    19 USC 1313    19 USC 1623    19 USC 1624   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  10/15/2009  74 FR 52928   
NPRM Comment Period Extended  11/04/2009  74 FR 57125   
NPRM Comment Period Extended  11/25/2009  74 FR 61585   
NPRM Comment Period End  01/12/2010    
Withdrawn  03/02/2010  75 FR 9359   
Regulatory Flexibility Analysis Required: Undetermined  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
International Impacts: This regulatory action will be likely to have international trade and investment effects, or otherwise be of international interest.
RIN Data Printed in the FR: No 
Agency Contact:
William G. Rosoff
Director, Border Security & Trade Compliance Division
Department of the Treasury
Regulations and Rulings, Office of International Trade, Customs and Border Protection, 799 9th Street NW. (Mint Annex),
Washington, DC 20229-1177
Phone:202 325-0047