AMS to Decrease Value Assigned to Cotton for Import Fees
The Agricultural Marketing Service is amending the Cotton Board Rules and Regulations to decrease the value assigned to imported cotton for the purposes of calculating supplemental assessments on imports collected under the Cotton Research and Promotion Program, it said in…
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a direct final rule released Aug. 25. The revised value is 1.1136, a decrease of .0426 cent per kilogram. The decrease reflects a fall in the average price of upland cotton received by U.S. farmers during the period January through December 2020. AMS's notice also includes a table of adjusted assessments corresponding to each Harmonized Tariff Schedule subheading for which they are due. The changes take effect Oct. 25, unless adverse comments are received by Sept. 27.