CSMS# 18-000664 - Continuous Bond Sufficiency Review and Bond Stacking Liability
U.S. Customs and Border Protection sent this bulletin at 11/08/2018 04:20 PM ESTYou are subscribed to Trade Policy Updates for U.S. Customs and Border Protection. This information has recently been updated, and is now available.
11/08/2018 02:23 PM EST
Trade Policy Updates
This is a reminder that CBP Revenue Division conducts sufficiency review for all active Activity Code Type 1 continuous bonds on a monthly basis. The bonding formula(s) used to conduct sufficiency review can be viewed at (https://www.cbp.gov/trade/priority-issues/revenue/bonds/bond-centralization-program). To avoid a bond stacking liability issue, it is in the importers best interest to forecast their import activities for the next 12 months, to determine if a bond increase beyond the minimum amount will be more appropriate.
Any questions regarding this message can be directed to the Surety Bonds and Accounts Team at bondquestions@cbp.dhs.gov or 317-614-4880.
This is a reminder that CBP Revenue Division conducts sufficiency review for all active Activity Code Type 1 continuous bonds on a monthly basis. The bonding formula(s) used to conduct sufficiency review can be viewed at (https://www.cbp.gov/trade/priority-issues/revenue/bonds/bond-centralization-program). To avoid a bond stacking liability issue, it is in the importers best interest to forecast their import activities for the next 12 months, to determine if a bond increase beyond the minimum amount will be more appropriate.
Any questions regarding this message can be directed to the Surety Bonds and Accounts Team at bondquestions@cbp.dhs.gov or 317-614-4880.
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