64470 Federal Register / Vol. 60, No. 241 / Friday, December 15, 1995 / Notices

production, only very few cars would be

required to meet the standard.

Safety and Public Interest Arguments

Because of the small number of

vehicles that the applicant produces and

its belief that they are used as second or

third cars for short mileage open air

excursions rather than for daily

commuting, and because of the threepoint restraints and side impact

protection currently offered, Isis argues

that an exemption would be in the

public interest and consistent with

safety. An exemption would allow it to

‘‘maintain the existing diversity of

motor vehicles available in this

country.’’ Finally, because of its

expertise in the use of propane as a fuel,

Isis is ‘‘in a position to contribute to the

growth of the alternative fueled vehicle

industry.’’

Interested persons are invited to

submit comments on the application

described above. Comments should refer

to the docket number and the notice

number, and be submitted to: Docket

Section, National Highway Traffic

Safety Administration, room 5109, 400

Seventh Street, SW, Washington, DC

20590. It is requested but not required

that 10 copies be submitted.

All comments received before the

close of business on the comment

closing date indicated below will be

considered, and will be available for

examination in the docket at the above

address both before and after that date.

To the extent possible, comments filed

after the closing date will also be

considered.

Notice of final action on the

application will be published in the

Federal Register pursuant to the

authority indicated below.

Comment closing date: January 16,

1996.

(49 U.S.C. 30113; delegations of authority at

49 CFR 1.50. and 501.8)

Issued on: November 28, 1995.

Barry Felrice,

Associate Administrator for Safety

Performance Standards.

[FR Doc. 95–30577 Filed 12–14–95; 8:45 am]

BILLING CODE 4910–59–P

DEPARTMENT OF THE TREASURY

Customs Service

Notice of Revised Time Frames

Regarding Test of Reconciliation for

Adjustments Made to the Price of

Imported Merchandise by Related

Party Companies Under 26 U.S.C. 482

AGENCY: U.S. Customs Service,

Department of the Treasury.

ACTION: Notice of revised time frames for

test.

SUMMARY: This document announces

Customs decision to revise the time

frames regarding the test Customs plans

to conduct involving the use of

reconciliation for those related party

importers which have reason to believe

upward adjustments may be made to the

price of imported merchandise for tax

purposes pursuant to 26 U.S.C. 482. In

a prior Federal Register notice (60 FR

46141), Customs set out the eligibility

requirements for voluntary participation

in the test and described the basis on

which Customs will select participants.

This notice revises the time frames for

both applicants to volunteer and for the

commencement and conclusion of the

planned test.

DATES: Applications to participate in

this reconciliation test must be filed

with and approved by Customs on or

before May 1, 1996. The test will

commence no earlier than May 1, 1996,

and will cover entry summaries filed by

selected participants from May 1, 1996,

to December 31, 1996, or the end of the

participant’s tax year, whichever comes

first. Participants must file the

reconciliation summary, which provides

the outstanding value information,

within 15 months of the filing of the

first affected entry summary or by July

31, 1997, whichever comes first.

ADDRESSES: To be considered for

voluntary participation in this test,

applications should be submitted to Mr.

William F. Inch, Director, Office of

Regulatory Audit, Office of Strategic

Trade, U.S. Customs Service, 1301

Constitution Avenue, N.W., Room 2311,

Washington, D.C. 20229–0001. Once the

test is underway, reconciliation

summaries shall be filed to the attention

of Mr. Matthew Krimski, Office of

Regulatory Audit, Office of Strategic

Trade, U.S. Customs Service, 1301

Constitution Avenue, N.W.,

Washington, D.C. 20229.

FOR FURTHER INFORMATION CONTACT:

Matthew Krimski, (202) 927–0411.

SUPPLEMENTARY INFORMATION:

Background

On September 5, 1995, Customs

published a document in the Federal

Register (60 FR 46141) announcing

plans to conduct a test regarding the use

of reconciliation for those related party

importers which have reason to believe

upward adjustments may be made to the

price of imported merchandise for tax

purposes pursuant to 26 U.S.C. 482. The

document described the objectives of

the test, the application process to

participate, the eligibility criteria,

selectivity criteria and test evaluation

criteria. The document invited public

participation in the test and set forth a

deadline for applications at no later

than October 1, 1995. The planned

commencement of the test was October

1, 1995.

Customs is now revising certain

elements of the September 5, document.

Customs now plans to begin the test no

earlier than May 1, 1996, and the test

will cover entry summaries filed by the

selected participants from May 1, 1996,

to December 31, 1996, or the end of the

participant’s tax year, whichever comes

first.

Participants must file the

reconciliation summary, which provides

the outstanding value information,

within 15 months of the filing of the

first affected entry summary or by July

31, 1997, whichever comes first.

Further, by applying, applicants agree

that the value for merchandise covered

by all entry summaries filed by them or

on their behalf on or after May 1, 1996,

until the end of the tax year or

December 31, 1996, whichever comes

first, shall be finally determined by the

liquidation of the reconciliation filed in

accordance with the test.

The time frame for Customs

acceptance and approval of applications

to participate in the test has been

revised to May 1, 1996. Applications

shall be addressed to Mr. William F.

Inch as indicated above in this

document.

To be eligible to participate in the

test, a participant’s tax year must end

between May 1, 1996 and December 31,

1996.

For purposes of the reconciliation

test, reconciliation summaries shall be

filed to the attention of Matthew

Krimski, Office of Regulatory Audit,

Office of Strategic Trade, U.S. Customs

Service, 1301 Constitution Avenue,

N.W., Washington, D.C. 20229.

Aside from the revised information

set forth in this document, all other

information regarding the reconciliation

test set forth in the Federal Register

document of September 5, 1995, is still

applicable.

Dated: December 6, 1995.

Karen J. Hiatt,

Acting Assistant Commissioner, Office of

Strategic Trade.

[FR Doc. 95–30516 Filed 12–14–95; 8:45 am]

BILLING CODE 4820–02–P