CBP Seeks Comments on Deferral of Duty on Large Yachts Imported for Sale Info Collection
CBP is requesting comments by Jan. 4 on an existing information collection for deferral of duty on large yachts imported for sale. CBP proposes (here) to extend the expiration date of this information collection without a change to the burden hours or information collected.
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Yacht Duty Deferral
This collection of information is required to ensure compliance with 19 USC 1484b which provides that an otherwise dutiable yacht that exceeds 79 feet in length, is used primarily for recreation or pleasure, and had been previously sold by a manufacturer or dealer to a retail customer, may be imported without the payment of duty if the yacht is imported with the intention to offer for sale at a boat show in the United States. The statute provides for the deferral of payment of duty until the yacht is sold but specifies that the duty deferral period may not exceed 6 months.
CBP Estimates
CBP estimated 50 total annual responses, estimated to create about 50 total annual burden hours.
Comments Requested on Ways to Minimize Burden, Etc.
CBP is asking for comments from the general public and other federal agencies on (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 burden to respondents or record keepers from the collection of information (a total of capital/startup costs and operations and maintenance costs).
CBP Contact -- Tracey Denning (202) 325-0265
(Federal Register 11/04/15)