Customs Increases Interest Rates on Underpayments and Overpayments of Customs Duties
U.S. Customs and Border Protection today announced in the Federal Register that the quarterly interest rates used to calculate interest on underpayments and overpayments of customs duties will change. For the calendar quarter beginning July 1, 2006, the interest rates for overpayments will increase from 6 to 7 percent for corporations and from 7 to 8 percent for non-corporations, and the interest rate for underpayments will increase from 7 to 8 percent.
|posted by Douglas N. Jacobson| Permalink 
