AMS To Decrease Value Assigned to Imported Cotton
The Agricultural Marketing Service is amending the Cotton Board Rules and Regulations to decrease the value assigned to imported cotton for the purposes of calculating supplemental assessments collected for use by the Cotton Research and Promotion Program, according to a Federal Register notice scheduled for July 2. AMS also is changing two Harmonized Tariff Schedule (HTS) statistical reporting numbers that were amended since the last assessment adjustment in 2012.
Sign up for a free preview to unlock the rest of this article
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
The revised assessment in this direct final rule is $0.012876, a decrease of $0.001233 per kilogram. The decrease reflects the decrease in the average weighted price of Upland cotton received by U.S. Farmers during the period January through December 2012. An Import Assessment Table in section 1205.510(b)(3) indicates the total assessment rate ($ per kilogram) due for each HTS number that is subject to assessment.
The rule takes effect in 60 days unless significant adverse comment is received within 30 days. Comments, identified by AMS-CN-12-0065, may be submitted via http://www.regulations.gov. Further information: Shethir Riva, 540-361-2726 or Shethir.Riva@ams.usda.gov.