CBP Seeks Comments on Info Collection for Yacht Import Duty Deferral

October 1, 2012 by Tim Warren|Customs

CBP is requesting comments by Dec. 3 for an existing information collection concerning deferral of duty on large yachts imported for sale. CBP proposes to extend the expiration date of this information collection with a change to the burden hours or to the information collected. The notice ran in the Federal Register Oct. 2.

Large Yacht Imports

This collection of information is required to ensure compliance with 19 USC 1484b which provides that an otherwise dutiable yacht that exceeds 79 feet in length, is used primarily for recreation or pleasure, and had been previously sold by a manufacturer or dealer to a retail customer, may be imported without the payment of duty if the yacht is imported with the intention to offer for sale at a boat show in the United States. The statute provides for the deferral of payment of duty until the yacht is sold but specifies that the duty deferral period may not exceed 36 months. This collection of information is provided for by 19 CFR 4.94 which requires the submission of information to CBP such as the name and address of the owner of the yacht, the dates of cruising in the waters of the United States, information about the yacht, and the ports of arrival and departure.

CBP Estimates 50 Responses at 1 Hour per Response

CBP estimates there will be 50 responses per year. The time per response is estimated to be 1 hour. CBP estimates the total annual burden hours will be 50.

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 capital/startup costs and operations and maintenance costs).

CBP Contact -- Tracey Denning (202) 325-0265