Page:United States Statutes at Large Volume 80 Part 1.djvu/1558

 1522

77A Stat. 349.

U.S. consumption of watch movements. Publication in Federal Register.

Variable pressure water channel and ionosonde, duty-free entry.

PUBLIC LAW 89-805-NOV. 10, 1966

[80 STAT.

"6. Products of Insular Possessions.—(a) Except as provided in paragraph (b) of this headnote, any article provided for in this subpart which is the product of an insular possession of the United States outside the customs territory of the United States and which contains any foreign component shall be subject to duty— " (i) at the rates set forth in column numbered 1, if the countries of origin of more than 50 percent in value of the foreign components are countries to products of which column numbered 1 rates apply, and " (ii) at the rates set forth in column numbered 2, if the countries of origin of 50 percent or more in value of the foreign components are countries to products of which column numbared 2 rates apply. "(b) If the requirements for free entry set forth in general headnote 3(a) are complied with, watches (provided for in item 715.05) and watch movements (provided for in items 716.08 through 719.__) which are the product of the Virgin Islands, Guam, or American Samoa and which contain any foreign component may be admitted free of duty, but the total quantity of such articles entered free of duty during each calendar year shall not exceed a number equal to % of the ajjparent United States consumption of watch movements during the preceding calendar year (as determined by the Tariff Commission), of which total quantity— "(i) not to exceed 87.5 percent shall be the product of the Virgin Islands, "(ii) not to exceed 8.33 percent shall be the product of Guam, and " (iii) not to exceed 4.17 percent shall be the product of American Samoa, "(c) On or before April 1 of each calendar year (beginning with 1967), the Tariff Commission shall determine the apparent United States consumption of watch movements during the preceding calendar year, shall report such determination to the Secretary of the Treasury, the Secretary of the Interior, and Secretary of Commerce, and shall publish such determination in the Federal Register, together with the number of watches and watch movements which are the product of the Virgin Islands, Guam, and American Samoa which may be entered free of duty under paragraph (b) during the calendar year. " (d) The Secretary of the Interior and the Secretary of Commerce, acting jointly, shall allocate on a fair and equitable basis among producers of watches and watch movements located in the Virgin I^ands, Guam, and American Samoa the quotas for eax^h calendar year provided by paragraph (b) for articles which are the product of the Virgin Islands, Guam, and American Samoa, respectively. Allocations made by the Secretaries shall be final. The Secretaries are authorized to issue such regulations as they determine necessary to carry out their duties under this paragraph." (c) The amendments made by subsections (a) and (b) shall apply only with respect to articles entered, or withdrawn from warehouse, for consumption on or after January 1, 1967. SEC. 2. (a) The Secretary of the Treasury is authorized and directed to admit free of duty one variable pressure water channel (one-seventh scale model) imported for the use of the Stevens Institute of Technology and one ionosonde (and accompanying spare parts) for the use of the University of Illinois. (b) If the liquidation of the entry of the articles described in subsection (a) of this section has become final, such entry shall be reliquidated and the appropriate refund of duty shall be made. Approved November 10, 1966,

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