Reports and remittance to the Cotton Board.

CFR · 2024-01-01 · US · Title 7

(a) (1) (2) (i) (A) Date of report; (B) Reporting period covered by report; (C) Gin code number; (D) Name and address of handler; (E) Listing of all producers from whom the handler was required to collect the assessments, their addresses, total number of bales, and total assessment collected and remitted for each producer; (F) Date of last report remitting assessments to the Cotton Board. (ii) (3) (4) (ii) In addition to the interest charge specified in paragraph (a)(4)(i) of this section, there shall be a late payment charge on any handler whose remittance is not received by the Cotton Board within 10 days after the close of the reporting period in which interest charges were first accrued. The late payment charge shall be 5 percent of the unpaid balance before interest charges have accrued. (iii) The interest and late payment charges on the unremitted assessments for a particular reporting period will be applied from the first working day on or following the 20th day of the month in which the assessments were due. (b) (1) The importer's name and address; (2) The quantity of cotton and cotton products imported; (3) The amount of the assessment paid on imported cotton and cotton products; (4) The amount of imported cotton and cotton products on which the assessment was not paid to the Customs Service.

official document · source cfr-2024 · id 7:§ 1205.516