[Federal Register Volume 60, Number 43 (Monday, March 6, 1995)]
[Notices]
[Pages 12198-12199]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-5431]



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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 1995 Among Watch 
Producers Located in the Virgin Islands

AGENCY: 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 1995 duty-exemptions for watch producers 
located in the Virgin Islands pursuant to Pub. L. 97-446.

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

SUPPLEMENTARY INFORMATION: Pursuant to Pub. L. 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 [[Page 12199]] regulations (15 CFR 
part 303), this action establishes the total quantity of duty-free 
insular watches and watch movements for 1995 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 1995 duty-exemption 
allocations among insular producers are set forth in Sec. 303.14 of the 
regulations.
    The Departments have verified the data submitted on application 
form ITA-334P by producers in the Virgin Islands and inspected the 
current operations of all producers in accordance with Sec. 303.5 of 
the regulations.
    The verification established that in calendar year 1994 the Virgin 
Islands watch assembly firms shipped 2,269,461 watches and watch 
movements into the customs territory of the United States under Pub. L. 
97-446. The dollar amount of creditable corporate income taxes paid by 
Virgin Islands producers during calendar year 1994 plus the creditable 
wages paid by the industry during calendar year 1994 to residents of 
the territory totalled $5,694,887.
    There are no producers in Guam, American Samoa or the Northern 
Mariana Islands.
    The calendar year 1995 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 1995 in the Virgin 
Islands are as follows:

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                                                                Annual  
                        Name of firm                          allocation
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Belair Quartz, Inc.........................................      500,000
Hampden Watch Co., Inc.....................................      250,000
Progress Watch Co., Inc....................................      650,000
Unitime Industries, Inc....................................      500,000
Tropex, Inc................................................      400,000
Timex V.I., Inc............................................      742,000
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Susan G. Esserman,
Acting Assistant Secretary for Import Administration.

Leslie M. Turner,
Assistant Secretary for Territorial and International Affairs.
[FR Doc. 95-5431 Filed 3-3-95; 8:45 am]
BILLING CODE 3510-DS-P and 4310-93-P