Ronald Reagan,
Proclamation 5923
“ Pursuant to section 466 of the Tariff Act of 1930, as amended (19 U.S.C. 1466) , the rate of duty imposed on equipments, or any part thereof, including boats, purchased for, or the repair parts or the materials to be used, or the expenses of repairs made in a foreign country upon a U.S.-documented vessel at its first arrival in any port of the United States is 50 percent ad valorem. ”
