CBP Issues FR Notice of Third Quarter 2011 IRS Interest Rates
CBP has issued a Federal Register notice that the third quarter 2011 (July 1 - September 30, 2011) Internal Revenue Service interest rates used to calculate interest on overdue accounts (underpayments) and refunds (overpayments) of customs duties are: 3% for overpayments by corporations; 4% for non-corporations; and 4% for underpayments, which remain the same from second quarter 2011 rates.
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(See ITT's Online Archives or 05/17/11 news, 11051729, for previous BP summary of these third quarter rates.)