39932 Federal Register / Vol. 63, No. 142 / Friday, July 24, 1998 / Notices

notice extends the period of time within

which interested members of the public

may submit comments concerning the

June 15 proposal. The comment period

is being extended another 45 days.

DATES: Comments must be received on

or before September 30, 1998.

ADDRESSES: Written comments may be

addressed to, and inspected at, the

Regulations Branch, Office of

Regulations and Rulings, U.S. Customs

Service, 1300 Pennsylvania Avenue,

NW, Washington, DC 20229.

FOR FURTHER INFORMATION CONTACT:

Monika Brenner, Special Classification

and Marking Branch, Office of

Regulations and Rulings, (202) 927–

1675.

SUPPLEMENTARY INFORMATION:

Background

A document was published in the

Federal Register (63 FR 32697) on June

15, 1998, advising the public that

Customs is proposing a new

interpretation concerning the country of

origin rules for certain imported textile

and textile products. Customs proposed

that 19 CFR 12.130(c) should not control

for purposes of country of origin

marking of textile and textile products,

and that Chapter 98, Subchapter II, U.S.

Note 2(a), Harmonized Tariff Schedule

of the United States does not apply for

country of origin marking purposes. The

document solicited comments,

requesting that comments be received

on or before August 14, 1998.

Customs has received a request to

extend the comment period to allow

interested parties to have more time to

consider the proposal and to explore

how the proposed changes may impact

the FTC rules on ‘‘Made in USA’’.

Customs believes the request for more

time has merit. Accordingly, the period

of time for submission of comments is

being extended 45 days.

All comments submitted will be

available for public inspection in

accordance with the Freedom of

Information Act (5 U.S.C. 552), § 1.4,

Treasury Department Regulations (31

CFR 1.4) and § 103.11(b), Customs

Regulations (19 CFR 103.11(b)), between

9:00 a.m. and 4:30 p.m. on normal

business days at the address stated

above.

Dated: July 20, 1998.

Stuart P. Seidel,

Assistant Commissioner, Office of

Regulations and Rulings.

[FR Doc. 98–19771 Filed 7–23–98; 8:45 am]

BILLING CODE 4820–02–P

DEPARTMENT OF THE TREASURY

Customs Service

Quarterly IRS Interest Rates Used in

Calculating Interest on Overdue

Accounts and Refunds on Customs

Duties

AGENCY: Customs Service, Treasury.

ACTION: General notice.

SUMMARY: This notice advises the public

of the quarterly Internal Revenue

Service interest rates used to calculate

interest on overdue accounts and

refunds of Customs duties. For the

quarter beginning July 1, 1998, the rates

will be 7 percent for overpayments and

8 percent for underpayments. This

notice is published for the convenience

of the importing public and Customs

personnel.

EFFECTIVE DATE: July 1, 1998.

FOR FURTHER INFORMATION CONTACT:

Ronald Wyman, Accounting Services

Division, Accounts Receivable Group,

6026 Lakeside Boulevard, Indianapolis,

Indiana 46278, (317) 298–1200,

extension 1349.

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 shall

be in accordance with the Internal

Revenue Code rate established under 26

U.S.C. 6621 and 6622. Interest rates are

determined based on the short-term

Federal rate. The interest rate that

Treasury pays on overpayments will be

the short-term Federal rate plus two

percentage points. The interest rate paid

to the Treasury for underpayments will

be the short-term Federal rate plus three

percentage points. The rates will be

rounded to the nearest full percentage.

The interest rates are determined by

the Internal Revenue Service (IRS) on

behalf of the Secretary of the Treasury

based on the average market yield on

outstanding marketable obligations of

the U.S. with remaining periods to

maturity of 3 years or less, and fluctuate

quarterly. The rates effective for a

quarter are determined during the firstmonth period of the previous quarter.

In Revenue Ruling 98–32 (1998–25

IRB 4, dated June 22, 1998), the IRS

determined that the rates of interest for

the fourth quarter of fiscal year (FY)

1998 (the period of July 1—September

30, 1998) will be 7 percent for

overpayments and 8 percent for

underpayments. These interest rates are

subject to change for the first quarter of

FY–1999 (the period of October 1—

December 31, 1998).

For the convenience of the importing

public and Customs personnel the

following list of Internal Revenue

Service interest rates used, covering the

period from before July of 1974 to date,

to calculate interest on overdue

accounts and refunds of Customs duties,

is published in summary format.

Beginning

date

Ending

date

Underpayments

(percent)

Overpayments

(percent)

Before July ..................................................................................................................................................... 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
Federal Register / Vol. 63, No. 142 / Friday, July 24, 1998 / Notices 39933

Beginning

date

Ending

date

Underpayments

(percent)

Overpayments

(percent)

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 ............................................................................................................................................................ 093098 8 7

Dated: July 20, 1998.

Samuel H. Banks,

Acting Commissioner of Customs.

[FR Doc. 98–19772 Filed 7–23–98; 8:45 am]

BILLING CODE 4820–02–P

UNITED STATES INFORMATION

AGENCY

Culturally Significant Object Imported

for Exhibition Determination: ‘‘Degas

With Christine and Yvonne Lerolle’’

AGENCY: United States Information

Agency.

ACTION: Notice.

SUMMARY: Notice is hereby given of the

following determinations: Pursuant to

the authority vested in me by the Act of

October 19, 1965 (79 Stat. 985, 22 U.S.C.

2459), Executive Order 12047 of March

27, 1978 (43 FR 13359, March 29, 1978),

and Delegation Order No. 85–5 of June

27, 1985 (50 FR 27393, July 2, 1985). I

hereby determine that the object ‘‘Degas

with Christine and Yvonne Lerolle,’’ a

piece imported from abroad for the

temporary exhibition without profit

within the United States, is of cultural

significance. This object is imported

pursuant to a loan agreement with the

foreign lender. I also determine that the

exhibition or display of the exhibit

object at the Metropolitan Museum of

Art, in New York, New York, from on

or about July 26, 1998, to on or about

October, 1998, is in the national

interest. Public notice of these

determinations is ordered to be

published in the Federal Register.

FOR FURTHER INFORMATION CONTACT:

Neila Sheahan, Assistant General

Counsel, Office of the General Counsel,

202/619–5030, and the address is Room

700, U.S. Information Agency, 301 4th

Street, S.W., Washington, D.C. 20547–

0001.

Dated: July 20, 1998.

Les Jin,

General Counsel.

[FR Doc. 98–19845 Filed 7–23–98; 8:45 am]

BILLING CODE 8230–01–M

UNITED STATES INFORMATION

AGENCY

Culturally Significant Objects Imported

for Exhibition Determinations

AGENCY: United States Information

Agency.

ACTION: Notice is hereby given of the

following determinations: Pursuant to

the authority vested in me by the Act of

October 19, 1965 (79 Stat. 985, 22 U.S.C.

2459), Executive Order 12047 of March

27, 1978 (43 F.R. 13359, March 29,

1978), and Delegation Order No. 85–5 of

June 27, 1985 (50 FR 27393, July 2,

1985).

SUMMARY: I hereby determine that the

objects to be included in the exhibit

DELACROIX; THE LATE YEARS (see

list), imported from various foreign

lenders for the temporary exhibition

without profit within the United States,

are of cultural significance. These

objects are imported pursuant to loan

agreements with the foreign lenders. I

also determined that the exhibition or

display of the listed exhibit objects at

the Philadelphia Museum of Art,

Philadelphia, Pennsylvania from on or

about September 15, 1998, to on or

about January 3, 1999, is in the national

interest. Public Notice of these

determinations is ordered to be

published in the Federal Register.

FOR FURTHER INFORMATION CONTACT:

Carol B. Epstein, Assistant General

Counsel, Office of the General Counsel,

202/619–6981, and the address is Room

700, U.S. Information Agency, 301 4th

Street, S.W., Washington, D.C. 20547–

0001.

Dated: July 20, 1998.

Les Jin,

General Counsel.

[FR Doc. 98–19775 Filed 7–23–98; 8:45 am]

BILLING CODE 8230–01–M