CBP Releases Quarterly Interest Rates for Overdue Accounts and Refunds
In a Federal Register (FRN) notice published on May 13, 2016 U.S. Customs and Border Protection (CBP) released a general notice publishing the quarterly interest rates for under- and overpayments of customs duties, effective April 1, 2016. The release specifies that, “the interest rates for overpayments will be 3 percent for corporations and 4 percent … Read more