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        <title>Changes in Procedures for the Insular Possessions Watch Program</title>
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    <abstract>This action amends the ITA regulations, which govern duty- exemption allocations and duty-refund entitlements for watch producers in the United States' insular possessions (the Virgin Islands, Guam and American Samoa) and the Northern Mariana Islands. The amendments modify procedures for completion and use of the ``Permit to Enter Watches and Watch Movements into the Customs Territory of the United States'' (Form ITA-340); make the technical changes required by the passage of the Uruguay Round Agreements Act in 1994; eliminate the mid-year report (Form ITA-321P); change the percentage creditable towards the duty- refund of wages for non-91/5 watch and watch movement repairs and raise one of the percentages in the formula for calculating the duty-refund; revise the total quantity and respective territorial shares of insular watches and watch movements which would be allowed to enter the United States free of duty; remove from the percentage of non-91/5 wages creditable toward the duty-refund reference to watches and watch movements which are ineligible for duty-free treatment due only to value-limit reasons; raise the maximum value of components for watches; and make other changes necessary to consolidate and simplify the regulations.</abstract>
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    <identifier type="Regulation ID Number">RIN 0625-AA46</identifier>
    <identifier type="department code">Docket No. 960508126-6126-01</identifier>
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        <searchTitle>Changes in Procedures for the Insular Possessions Watch Program; Federal Register Vol. 61, Issue </searchTitle>
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        <agency order="1">DEPARTMENT OF COMMERCE</agency>
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        <agency order="3">DEPARTMENT OF THE INTERIOR</agency>
        <agency order="4">Office of Insular Affairs</agency>
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        <action>Final rule.</action>
        <summary>This action amends the ITA regulations, which govern duty- exemption allocations and duty-refund entitlements for watch producers in the United States' insular possessions (the Virgin Islands, Guam and American Samoa) and the Northern Mariana Islands. The amendments modify procedures for completion and use of the ``Permit to Enter Watches and Watch Movements into the Customs Territory of the United States'' (Form ITA-340); make the technical changes required by the passage of the Uruguay Round Agreements Act in 1994; eliminate the mid-year report (Form ITA-321P); change the percentage creditable towards the duty- refund of wages for non-91/5 watch and watch movement repairs and raise one of the percentages in the formula for calculating the duty-refund; revise the total quantity and respective territorial shares of insular watches and watch movements which would be allowed to enter the United States free of duty; remove from the percentage of non-91/5 wages creditable toward the duty-refund reference to watches and watch movements which are ineligible for duty-free treatment due only to value-limit reasons; raise the maximum value of components for watches; and make other changes necessary to consolidate and simplify the regulations.</summary>
        <dates>October 30, 1996.</dates>
        <contact>Faye Robinson, (202) 482-3526.</contact>
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