[Federal Register Volume 59, Number 51 (Wednesday, March 16, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-6124]


[[Page Unknown]]

[Federal Register: March 16, 1994]


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DEPARTMENT OF COMMERCE
DEPARTMENT OF THE INTERIOR

Office of the Secretary
[Docket No. 931090-4048]
RIN 0625-AA06

 

Allocation of Duty-Exemptions for Calendar Year 1994 Among Watch 
Producers Located in the Virgin Islands

AGENCIES: Import Administration, International Trade Administration, 
Department of Commerce; and Office of the Secretary, Department of the 
Interior.

ACTION: Notice.

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SUMMARY: This action allocates 1994 duty-exemptions for watch producers 
located in the Virgin Islands pursuant to Public Law 97-446.

FOR FURTHER INFORMATION CONTACT: Faye Robinson, (202) 482-1660.

SUPPLEMENTARY INFORMATION: Pursuant to Public Law 97-446, the 
Departments of the Interior and Commerce (the Departments) share 
responsibility for the allocation of duty exemptions among watch 
assembly firms in the United States insular possessions and the 
Northern Mariana Islands. In accordance with Sec. 303.3(a) of the 
regulations (15 CFR part 303), this action establishes the total 
quantity of duty-free insular watches and watch movements for 1994 at 
5,100,000 units and divides this amount among the three insular 
possessions of the United States and the Northern Mariana Islands. Of 
this amount, 3,600,000 units may be allocated to Virgin Islands 
producers, 500,000 to Guam producers, 500,000 to American Samoa 
producers and 500,000 to Northern Mariana Islands producers (59 FR 
8847).
    The criteria for the calculation of the 1994 duty-exemption 
allocations among insular producers are set forth in Section 303.14 of 
the regulations.
    The Departments have verified the data submitted on application 
form ITA-334P by producers in the territories and inspected the current 
operations of all producers in accordance with Sec. 303.5 of the 
regulations.
    The verification established that in calendar year 1993 the Virgin 
Islands watch assembly firms shipped 2,105,139 watches and watch 
movements into the customs territory of the United States under Public 
Law 97-446. The dollar amount of creditable corporate income taxes paid 
by Virgin Islands producers during calendar year 1993 plus the 
creditable wages paid by the industry during calendar year 1993 to 
residents of the territory totalled $4,837,811.
    There are no producers in Guam, American Samoa or the Northern 
Mariana Islands.
    The calendar year 1994 Virgin Islands annual allocations set forth 
below are based on the data verified by the Departments in the Virgin 
Islands. The allocations reflect adjustments made in data supplied on 
the producers' annual application forms (ITA-334P) as a result of the 
Departments' verification; and reallocation of the duty-exemptions 
which have been voluntarily relinquished by some producers pursuant to 
Sec. 303.6(b)(2) of the regulations.
    The duty-exemption allocations for calendar year 1994 in the Virgin 
Islands are as follows: 

------------------------------------------------------------------------
                                                                Annual  
                        Name of firm                          allocation
                                                                        
------------------------------------------------------------------------
Belair Quartz, Inc..........................................     500,000
Hampden Watch Co., Inc......................................     250,000
Progress Watch Co., Inc.....................................     600,000
Unitime Industries, Inc.....................................     500,000
Tropex, Inc.................................................     400,000
Timex V.I., Inc.............................................    780,000 
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Joseph A. Spetrini,
Acting Assistant Secretary for Import Administration.
Leslie M. Turner,
Assistant Secretary for Territorial and International Affairs.
[FR Doc. 94-6124 Filed 3-15-94; 8:45 am]
BILLING CODE 3410-DS-P and 4310-93-P