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Extending the Term of Ammunition & Firearms Import Permits

Bureau of Alcohol, Tobacco, Firearms and Explosives

Washington, DC --(Ammoland.com)- Notice of Proposed Rulemaking – The Department of Justice is proposing to amend the regulations of the Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF) to extend the term of import permits for firearms, ammunition, and defense articles from 1 year to 2 years.

The additional time will allow importers sufficient time to complete the importation of the authorized commodity. In addition, it will eliminate the need for the importer to submit a new import application, ATF Form 6, where the importation was not completed within the 1-year period.

Extending the term of import permits will result in a substantial cost and time savings for both the industry and ATF.

This proposed change would be consistent with Executive Order 13563 of January 18, 2011, which directs agencies to review existing significant rules to make regulatory programs more effective or less burdensome in achieving regulatory objectives.

DATES: Written comments must be postmarked and electronic comments must be submitted on or before May 7, 2012. Commenters should be aware that the electronic Federal Docket Management System will not accept comments after midnight Eastern Time on the last day of the comment period.

Notice of Proposed Rulemaking – Importation of Arms, Ammunition and Implements of War and Machine Guns, Destructive Devices, and Certain Other Firearms; Extending the Term of Import Permits’02/06/12

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Winchester Ammunition

East Alton, IL – -(Ammoland.com)- Olin Corp. (NYSE:OLN), makers of Winchester ammunition, reported that fourth quarter Winchester division sales were up 8.7 percent compared to the same period last year.

Segment earnings were $500,000, down from $3.6 million in the fourth quarter of 2010.

The company said the decline in segment earnings reflects the impact of a less favorable product mix, higher commodity metal costs, higher manufacturing costs and costs associated with the relocation of the centerfire operations to Oxford, Miss., partially offset by higher selling prices.

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