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Record of Vessel Foreign Repair or Equipment Purchase Under Review

Thursday, August 04, 2016
Sandler, Travis & Rosenberg Trade Report

U.S. Customs and Border Protection is requesting comments no later than Oct. 3 on the proposed extension without change of CBP form 226, Record of Vessel Foreign Repair or Equipment Purchase. U.S. law provides for a 50 percent ad valorem duty assessed on a vessel master or owner for any repairs, purchases or expenses incurred in a foreign country by a commercial vessel registered in the U.S. This form is used by the master or owner of a vessel to declare and file entry on equipment, repairs, parts or materials purchased for the vessel in a foreign country.

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