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Compliance With Inflation Adjustment Act

customs-cbp · CBP · Rule · Published 2003-03-21 · 68 FR 13819

Document

Document number
03-6754
Federal Register citation
68 FR 13819
CFR reference
19 CFR 4
Type
Rule
Action
Final rule.
Category
customs-cbp
Sub-agency
CBP
Publication date
2003-03-21
Treasury docket
T.D. 03-11

Abstract

Pursuant to the Federal Civil Penalties Inflation Adjustment Act of 1990, (the Act), each Federal agency is required to adjust for inflation any civil monetary penalty covered by the Act that may be assessed in connection with violations of those statutes that the agency administers. While civil monetary penalties assessed by Customs under any provisions of the Tariff Act of 1930 are specifically exempted from the Act, Customs does administer two statutory provisions which provide for the assessment of civil monetary penalties that are covered by the Act. One statute concerns the transportation of passengers between ports or places in the United States; the other concerns the coastwise towing of vessels. The amount of the penalty that may be assessed for violations incurred under those statutes needs to be adjusted for inflation. Accordingly, Customs is amending its regulations in order to adjust the covered penalty amounts for inflation in compliance with the provisions of the Act.

Source

Authoritative
Federal Register document
Machine
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