13426 Federal Register / Vol. 66, No. 44 / Tuesday, March 6, 2001 / Rules and Regulations

in paragraphs (a)(2)(i) and (a)(2)(ii) of this

AD. Table 1 follows:

TABLE 1

AD No. Amendment

No.

AD 95–16–16 ............................ 39–9233

AD 95–13–05 ............................ 39–9285

AD 95–13–06 ............................ 39–9286

AD 95–07 .................................. 39–9287

AD 99–10–10 ............................ 39–11163

(i) Within 8,000 flight hours, or within 24

months since doing the modification,

whichever occurs first.

(ii) Within 90 days after the effective date

of this AD.

Note 2: Where there are differences

between the AD and the service bulletin, the

AD prevails.

Note 3: For the purposes of this AD, a

detailed visual inspection is defined as: ‘‘An

intensive visual examination of a specific

structural area, system, installation, or

assembly to detect damage, failure, or

irregularity. Available lighting is normally

supplemented with a direct source of good

lighting at intensity deemed appropriate by

the inspector. Inspection aids such as mirror,

magnifying lenses, etc., may be used. Surface

cleaning and elaborate access procedures

may be required.’’

(A) If no discrepancy is found: Repeat the

inspection at intervals not to exceed 8,000

flight hours or 24 months, whichever is first,

until you do the terminating modification

specified in paragraph (b) of this AD.

(B) If any discrepancy is found, and the

primary nut has backed off and contacts the

secondary retention washer: Before further

flight, do the terminating modification

specified in paragraph (b) of this AD.

(C) If any discrepancy is found, and the

primary nut does not contact the secondary

retention washer: Repeat the inspection at

intervals not to exceed 90 days. Within 18

months after the initial finding, or the

effective date of this AD, whichever occurs

later, do the terminating modification

specified in paragraph (b) of this AD.

Note 4: Inspections accomplished prior to

the effective date of this AD per Boeing Alert

Service Bulletin 747–54A2206, dated October

19, 2000, are acceptable for compliance with

the inspections required by paragraph (a) of

this AD.

Optional Terminating Action

(b) Doing the terminating modification

(replacement of the primary nut of the

midspar fuse pin with a new nut, installation

of torque stripe, a detailed visual inspection

of the fuse pin threads for damage, and

replacement, if necessary) per Figure 3 of

Boeing Service Bulletin 747–54A2206,

Revision 1, dated February 22, 2001, ends the

repetitive inspections required by this AD.

Note 5: Accomplishment of the terminating

action specified in Boeing Alert Service

Bulletin 747–54A2206, dated October 19,

2000, is acceptable for compliance with the

terminating action specified in paragraph (b)

of this AD.

Alternative Methods of Compliance

(c) An alternative method of compliance or

adjustment of the compliance time that

provides an acceptable level of safety may be

used if approved by the Manager, Seattle

Aircraft Certification Office (ACO), FAA.

Operators shall submit their requests through

an appropriate FAA Principal Maintenance

Inspector, who may add comments and then

send it to the Manager, Seattle ACO.

Note 6: Information concerning the

existence of approved alternative methods of

compliance with this AD, if any, may be

obtained from the Seattle ACO.

Special Flight Permits

(d) Special flight permits may be issued per

sections 21.197 and 21.199 of the Federal

Aviation Regulations (14 CFR 21.197 and

21.199) to operate the airplane to a location

where the requirements of this AD can be

accomplished.

Incorporation by Reference

(e) The actions shall be done per Boeing

Service Bulletin 747–54A2206, Revision 1,

dated February 22, 2001. This incorporation

by reference was approved by the Director of

the Federal Register per 5 U.S.C. 552(a) and

1 CFR part 51. Copies may be obtained from

Boeing Commercial Airplane Group, P.O.

Box 3707, Seattle, Washington 98124–2207.

Copies may be inspected at the FAA,

Transport Airplane Directorate, 1601 Lind

Avenue, SW., Renton, Washington; or at the

Office of the Federal Register, 800 North

Capitol Street, NW., suite 700, Washington,

DC.

Effective Date

(f) This amendment becomes effective on

March 21, 2001.

Issued in Renton, Washington, on February

26, 2001.

Donald L. Riggin,

Acting Manager, Transport Airplane

Directorate, Aircraft Certification Service.

[FR Doc. 01–5168 Filed 3–5–01; 8:45 am]

BILLING CODE 4910–13–P

DEPARTMENT OF HEALTH AND

HUMAN SERVICES

Food and Drug Administration

21 CFR Part 510

New Animal Drugs; Change of Sponsor

AGENCY: Food and Drug Administration,

HHS.

ACTION: Final rule.

SUMMARY: The Food and Drug

Administration (FDA) is amending the

animal drug regulations to reflect a

change of sponsor for three approved

new animal drug applications (NADA’s)

from PM Ag Products, Inc., to Sweetlix,

LLC.

DATES: This rule is effective March 6,

2001.

FOR FURTHER INFORMATION CONTACT:

Norman J. Turner, Center for Veterinary

Medicine (HFV–102), Food and Drug

Administration, 7500 Standish Pl.,

Rockville, MD 20855, 301–827–0214.

SUPPLEMENTARY INFORMATION: PM Ag

Products, Inc., 1055 West 175th St.,

Homewood, IL 60430, has informed

FDA that it has transferred ownership

of, and all rights and interests in NADA

033–773 for Sweetlix Bloat Guard Block,

NADA 109–471 for Staley Sweetlix with

Rumensin, and NADA 136–214 for

Enproal Bloat Blox to Sweetlix, LLC,

175 South Main St., suite 150, Salt Lake

City, UT 84111. Accordingly, the agency

is amending the regulations in 21 CFR

510.600(c)(1) and (c)(2) to reflect the

transfer of ownership. The agency is

removing the sponsor name for PM Ag

Products, Inc., because the firm no

longer is the holder of any approved

NADA’s, and the drug labeler code

assigned to PM Ag Products, Inc., is

being retained as the drug labeler code

for Sweetlix, LLC.

This rule does not meet the definition

of ‘‘rule’’ in 5 U.S.C. 804(3)(A) because

it is a rule of ‘‘particular applicability.’’

Therefore, it is not subject to the

congressional review requirements in 5

U.S.C. 801–808.

List of Subjects in 21 CFR Part 510

Administrative practice and

procedure, Animal drugs, Labeling,

Reporting and recordkeeping

requirements.

Therefore, under the Federal Food,

Drug, and Cosmetic Act and under

authority delegated to the Commissioner

of Food and Drugs and redelegated to

the Center for Veterinary Medicine, 21

CFR part 510 is amended as follows:

PART 510—NEW ANIMAL DRUGS

1. The authority citation for 21 CFR

part 510 continues to read as follows:

Authority: 21 U.S.C. 321, 331, 351, 352,

353, 360b, 371, 379e.

2. Section 510.600 is amended in the

table in paragraph (c)(1) by removing

the entry for ‘‘PM Ag Products, Inc.’’

and by alphabetically adding an entry

for ‘‘Sweetlix, LLC ’’ and in the table in

paragraph (c)(2) by revising the entry for

‘‘036904 ’’ to read as follows:

§ 510.600 Names, addresses, and drug

labeler codes of sponsors of approved

applications.

* * * * *

(c) * * *

(1) * * *

Federal Register / Vol. 66, No. 44 / Tuesday, March 6, 2001 / Rules and Regulations 13427

Firm name and address Drug labeler code

* * * ** * *

Sweetlix, LLC, 175 South Main St., suite 150, Salt Lake City, UT 84111 036904

* * * ** * *

(2) * * *

Drug labeler code Firm name and address

* * * ** * *

036904 Sweetlix, LLC, 175 South Main St., suite 150, Salt Lake City, UT

84111

* * * ** * *

Dated: February 8, 2001.

Claire M. Lathers,

Director, Office of New Animal Drug

Evaluation, Center for Veterinary Medicine.

[FR Doc. 01–5311 Filed 3–5–01; 8:45 am]

BILLING CODE 4160–01–S

DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 8944]

RIN 1545–AX41

Grouping Rules for Foreign Sales

Corporation Transfer Pricing

AGENCY: Internal Revenue Service (IRS),

Treasury.

ACTION: Final regulations and removal of

temporary regulations.

SUMMARY: This document contains final

regulations and amendments to

temporary regulations that provide

guidance to taxpayers that have made an

election to be treated as a foreign sales

corporation (FSC). These regulations

permit the grouping of transactions for

purposes of applying the administrative

pricing (including marginal costing)

rules to determine FSC transfer prices

and provide a time for filing for the

election to group transactions.

DATES: Effective date: These regulations

are effective March 2, 2001.

Applicability: For dates of

applicability, see § 1.925(a)–1(c)(8)(i).

FOR FURTHER INFORMATION CONTACT:

Christopher J. Bello (202) 874–1490 (not

a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

On March 3, 1987, the IRS and

Treasury published temporary

regulations (TD 8126, 1978–1 C.B. 184)

in the Federal Register (52 FR 6428) to

provide (among other things) rules for

grouping transactions for purposes of

applying the FSC transfer pricing rules.

A notice of proposed rulemaking (INTL–

153–86, 1987–1 C.B. 799) crossreferencing the temporary regulations

and inviting comments and requests for

a public hearing was published on the

same day in the Federal Register (52 FR

6467). Written comments concerning

the proposed regulations were received

and a public hearing was held.

On March 3, 1998, the IRS and

Treasury amended the above temporary

regulations by publishing temporary

regulations (TD 8764, 1998–1 C.B. 844)

in the Federal Register (63 FR 10305)

that (among other things) modified the

time for filing the election to group

transactions for purposes of applying

the administrative pricing (including

marginal costing) rules to determine

FSC transfer prices. A notice of

proposed rulemaking (REG–102144–98,

1998–1 C.B. 860) cross-referencing the

temporary regulations and notice of

public hearing was published on the

same day in the Federal Register (63 FR

10351). Written comments concerning

the proposed regulations were received

and, on June 24, 1998, a public hearing

was held.

After consideration of all the

comments, certain proposed regulations

relating to grouping of transactions for

FSC transfer pricing are adopted as

revised by this Treasury decision.

Explanation of Provisions

Section 927(d)(2)(B) of the Internal

Revenue Code provides generally that

FSCs and their related suppliers may, to

the extent provided in regulations, elect

to apply the FSC transfer pricing

provisions under section 925 on the

basis of groups of transactions based on

product lines or recognized industry or

trade usage, rather than on a

transaction-by-transaction basis.

Sections 1.925(a)–1T(c)(8)(i) and

1.925(b)–1T(b)(3)(i) of the temporary

regulations permit taxpayers, at their

annual choice, to group transactions in

applying the administrative pricing

(including marginal costing) rules to

determine FSC transfer prices. Such

grouping elections must be evidenced

on a Schedule P of the FSC’s timely

filed (including extensions) U.S. income

tax return for the taxable year. No

untimely or amended returns are

allowed to make a grouping election,

change a grouping basis, or change from

a grouping basis to a transaction-bytransaction basis (collectively ‘‘grouping

redeterminations’’).

Section 1.925(a)–1T(c)(8)(i) of the

temporary regulations also contains a

transition rule that requires grouping

redeterminations for any taxable year

beginning before January 1, 1998, to be

made no later than the due date of the

FSC’s timely filed (including

extensions) U.S. income tax return for

the FSC’s first taxable year beginning

after December 31, 1997 (transition

rule).

Conforming changes are reflected in

§§ 1.925(a)–1T(e)(4) and 1.925(b)–

1T(b)(3)(i) of the temporary regulations.

Commentators requested that the rule

limiting grouping elections to timely

filed returns be removed to allow

taxpayers to maximize FSC benefits and

correct grouping errors. Other

commentators requested that the time

limit for grouping elections be replaced

by a case-by-case analysis that would

disallow only those grouping

redeterminations that are abusive.

Commentators also suggested alternative

time limits that would allow taxpayers

to file amended returns to reflect

grouping redeterminations within a