Continuing Collection; Comment Request for Rough Diamonds Reporting Requirements
Notice published July 10, 2014 · 79 FR 39460
- Document number
- FR Doc. 2014-16127
- Type
- Notice
- Published
- July 10, 2014
- Citation
- 79 FR 39460 (page 39,460)
- Action
- Notice and request for comments.
- Dates
- Written comments must be submitted on or before September 8, 2014 to be assured of consideration.
- Official sources
- PDF (govinfo.gov) · federalregister.gov
Summary
The Federal Register's summaryThe Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other federal agencies to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C. 3506(c)(2)(A)). Currently, the Office of Foreign Assets Control (OFAC) within the Department of the Treasury is soliciting comments concerning OFAC's requirements to report information about the shipment of rough diamonds on an ongoing and annual basis.
Text
As the Government Publishing Office publishes it. Pages OFAC printed as images (in recent notices, the lists of names) are in the official PDF.
[Federal Register Volume 79, Number 132 (Thursday, July 10, 2014)]
[Notices]
[Page 39460]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-16127]
[[Page 39460]]
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DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
Continuing Collection; Comment Request for Rough Diamonds
Reporting Requirements
AGENCY: Office of Foreign Assets Control, Treasury.
ACTION: Notice and request for comments.
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SUMMARY: The Department of the Treasury, as part of its continuing
effort to reduce paperwork and respondent burden, invites the general
public and other federal agencies to comment on proposed and/or
continuing information collections, as required by the Paperwork
Reduction Act of 1995, Public Law 104-13 (44 U.S.C. 3506(c)(2)(A)).
Currently, the Office of Foreign Assets Control (OFAC) within the
Department of the Treasury is soliciting comments concerning OFAC's
requirements to report information about the shipment of rough diamonds
on an ongoing and annual basis.
DATES: Written comments must be submitted on or before September 8,
2014 to be assured of consideration.
ADDRESSES: You may submit comments by any of the following methods:
Federal eRulemaking Portal: www.regulations.gov. Follow the
instructions on the Web site for submitting comments.
Fax: Attn: Request for Comments (Rough Diamonds Reporting) 202-622-
1657
Mail: Attn: Request for Comments (Rough Diamonds Reporting), Office
of Foreign Assets Control, Department of the Treasury, 1500
Pennsylvania Avenue NW., Washington, DC 20220.
Instructions: All submissions received must include the agency name
and the Federal Register Doc. number that appears at the end of this
document. Comments received will be made available to the public via
regulations.gov or upon request, without change and including any
personal information provided.
FOR FURTHER INFORMATION CONTACT: Assistant Director for Licensing,
tel.: 202-622-2480, Assistant Director for Policy, tel.: 202-622-2746,
Assistant Director for Regulatory Affairs, tel.: 202-622-4855,
Assistant Director for Sanctions Compliance & Evaluation, tel.: 202-
622-2490, OFAC, or Chief Counsel (Foreign Assets Control), tel.: 202-
622-2410, Office of the General Counsel, Department of the Treasury
(not toll free numbers).
SUPPLEMENTARY INFORMATION:
Title: Requirement to report information about the shipment of
rough diamonds.
OMB Number: 1505-0198.
Abstract: The ultimate consignee of a rough diamond shipment,
identified on Customs Form 7501 Entry Summary, is required to report
specified information about the shipment of rough diamonds imported
into the United States to the foreign exporting authority within 15
calendar days of the date that the shipment arrived at a U.S. port of
entry pursuant to Sec. 592.301(a)(3) of the Rough Diamonds Control
Regulations, 31 CFR part 592 (the ``Regulations''). In addition,
persons who import rough diamonds into the United States or export
rough diamonds from the United States are required to file an annual
report identifying total rough diamond import and/or export activity
during the reporting year, as well as information on stockpiles of
rough diamonds, if any, as of the end of the reporting year, pursuant
to Sec. 592.502 of the Regulations. This collection of information is
needed to monitor the integrity of international rough diamond
shipments, and the information collected will be used to further the
compliance, enforcement, and civil penalty programs of the Office of
Foreign Assets Control of the Department of the Treasury.
Current Actions: There are no changes being made to the notice at
this time.
Type of Review: Extension of a currently approved collection.
Affected Public: Business organizations and individuals engaged in
the international diamond trade.
Estimated Number of Respondents: 250 filers filing an annual report
once per year and transaction reports 10 to 15 times per year. The
total estimated number of responses is 3,250.
Estimated Time per Respondent: 5 hours per annual report and 10
minutes per transaction report, for an estimated 7 hours per respondent
per year.
Estimated Total Annual Burden Hours: 1,750.
The following paragraph applies to all of the collections of
information covered by this notice:
An agency may not conduct or sponsor, and a person is not required
to respond to, a collection of information unless the collection of
information displays a valid Office of Management and Budget (OMB)
control number. Books or records relating to a collection of
information must be retained for five years.
Request for Comments
Comments submitted in response to this notice will be summarized
and/or included in the request for OMB approval. All comments will
become a matter of public record. Comments are invited on: (a) Whether
the collection of information is necessary for the proper performance
of the functions of the agency, including whether the information has
practical utility; (b) the accuracy of the agency's estimate of the
burden of the collection of information, including the validity of the
methodology and assumptions used; (c) ways to enhance the quality,
utility, and clarity of the information to be collected; (d) ways to
minimize the burden of the collection of information on respondents,
including through the use of automated collection techniques or other
forms of information technology; and (e) estimates of capital or start-
up costs and costs of operation, maintenance, and purchase of services
to provide information.
Approved: July 1, 2014.
Barbara C. Hammerle,
Acting Director, Office of Foreign Assets Control.
[FR Doc. 2014-16127 Filed 7-9-14; 8:45 am]
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