CBP Interest Rates Remain Steady
U.S. Customs and Border Protection (CBP) published a notice in today's Federal Register advising importers of the quarterly interest rates used to calculate interest on overdue accounts (underpayments) and refunds (overpayments) of customs duties.
For the calendar quarter beginning October 1, 2007, the interest rates for overpayments will remain at 7% for corporations and 8% for non-corporations, and the interest rate for underpayments will remain at 8%.
CBP interest rates are tied to Federal short-term interest rates and have doubled since reaching a low of 4% during mid-2004.
Labels: Customs
|posted by Douglas N. Jacobson| Permalink 
