CBP Extends Period for Comments on Info Collection for Cost Submissions
CBP is extending the comment period to Aug. 14 on an existing information collection for cost submissions. CBP proposes (here) to extend the expiration date of this information collection with no change to the information collected or to the estimated burden hours associated with the collection.
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Form 247
The information collected on CBP Form 247, Cost Submission, is used by CBP to assist in correctly calculating the duty on imported merchandise. This form includes details on actual costs and helps CBP determine which costs are dutiable and which are not. This collection of information is provided for by subheadings 9801.00.10, 9802.00.40, 9802.00.50, 9802.00.60 and 9802.00.80 of the Harmonized Tariff Schedule of the U.S. (HTSUS).
CBP Estimates
CBP estimated 1,000 total annual responses, estimated to create about 50,000 total annual burden hours.
Comments Requested on Ways to Minimize Burden, Etc.
CBP is asking for comments from the general public and other federal agencies on (a) whether the collection of information is necessary for the proper performance of the functions of the agency, including whether the information shall have practical utility; (b) the accuracy of the agency’s estimates of the burden of the collection of information; (c) ways to enhance the quality, utility and clarity of the information to be collected; (d) ways to minimize the burden, including the use of automated collection techniques or the use of other forms of information technology; and (e) the annual costs burden to respondents or record keepers from the collection of information (a total of capital/startup costs and operations and maintenance costs).
(Federal Register 07/14/17)