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OSP-75-14 1 (1975-06-13)

handle is hein.gao/gaobaabbu0001 and id is 1 raw text is: * RLEASED 0q7oo - ~..ASSISTANT COMPTROLLER GENERAL OF THE UNITED STATES WASHINGTON. D.C. 2S40 June 13, 1975 LM097004 The Honorable Ron deLuy3 House of Representatives Dear Mr. deLugo: In your letter of February 13, 1975, and in our subsequent discussion, you requested an audit of the funds credited to the account of the Virgin Islands for refunds from import license fees under the provisions of Presidential Procll:-ation 4227 of June 19, 1973. You stated that you had been quoted different estimates of the refund and asked that we gi;'e you the correct amount. In developing this report, we examined documents and interviewed personnel and program officials of the Federal Energy Adinistration and the Department of the Interior. BACKGROUND U tL'tE Il.j at-, UI.IW 'S Of CLfU V I I F1- J P C'LI U C .' pI UuUL L.. which could be iirported into the United States were limited by a system of quotas, and tariffs were assessed against each shi ment of such goods. these tariffs were suspended by Presidential Proclamaion 3279, as arended by Presidential Proclamation 4210 of April 18, 1973, which provided for a gradual shifting from the tariffs to a license fee system for imports. The license fee program was initially set ap in the rDepartment of the Interior but became the respcnsibility of the Oil Imports Office of the Federal Energy Administration, effective June 27, 1974. Proclamation 4210 stated that, beginning May 1, 1973, eligible. importersl could iThport specified quantities of crude oil and petroleum products exercpt from any fee. Beginning May 1, 1974, the amounts of To be eligible, an importer rust have either a refinery or a p-trochemical plant and inputs into such refineries and plants in the respective U.S. districts, Perto Rico, or U.S. territories dnd in foreign trade zoiES. BEST DOCUMENT AVAILABLE

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