Posted on | August 11, 2012
Written by | BevNetwork
U.S. CUSTOMS SEEKS COMMENTS ON PROPOSED IN-BOND REGULATION’S REGULATORY FLEXIBILITY ANALYSIS
In February 2012, U.S. Customs and Border Protection (CBP) published a proposed rule regarding changes to its “in-bond” regulations intended to enhance CBP’s ability to track and collect duties on imported merchandise transported in-bond. In the proposed rule, CBP summarized its Initial Regulatory Flexibility Analysis (IRFA) but inadvertently failed to post the IRFA to the rulemaking docket at that time. CBP has now posted the IRFA to the docket and is seeking comments on its conclusion that the proposed rule may have a significant economic impact on a substantial number of small entities. Comments on the IRFA are due to CBP by August 27, 2012; see the CBP’s Federal Register notice or Docket No. USCBP-2012-0002 at Regulations.gov for details and instructions on how to comment.