CSMS# 12-000019 - Correction to Memorandum on Bond Requirements on Informal Entries
U.S. Customs and Border Protection sent this bulletin at 01/24/2012 07:46 AM ESTYou are subscribed to Automated Broker Interface for U.S. Customs and Border Protection. This information has recently been updated, and is now available.
01/24/2012 07:46 AM EST
Automated Broker Interface
FROM: Executive Director, Trade Policy and Programs
TO: Directors, Field Operations
SUBJECT: Correction to Memorandum on Bond Requirements on Informal Entries
The memorandum, Bond Requirements on Informal Entries, dated December 11, 2001, and Administrative Message ID: 02-0070, dated 01/14/2002 were written omitting the permissible use of a single transaction bond (STB) when a broker uses the CBP 3461 entry for release, followed by an entry summary. This memorandum is correcting those documents to allow for the use of an STB. The policy now reads:
Informal entries that are presented with estimated duties, taxes and fees, at the time of presentation are not required to have a bond. These informal entries are treated in the same manner that we treat live entries. This means that we collect the money then provide examination, if required, and then provide a release. When a broker/filer chooses to use the CBP 3461 entry for release, followed by an entry summary (CBP 7501) within 10 days, then either a continuous or single transaction bond is required. Additionally, these informals must be paid via ACH statement method.
A new Administrative Message will be sent. Questions regarding this notice can be addressed to William Scopa, Chief, Revenue Policy and Programs Branch, Office of International Trade via e-mail, william.r.scopa@dhs.gov or at 202-863-6554.
Signed
/Brenda B. Smith/
FROM: Executive Director, Trade Policy and Programs
TO: Directors, Field Operations
SUBJECT: Correction to Memorandum on Bond Requirements on Informal Entries
The memorandum, Bond Requirements on Informal Entries, dated December 11, 2001, and Administrative Message ID: 02-0070, dated 01/14/2002 were written omitting the permissible use of a single transaction bond (STB) when a broker uses the CBP 3461 entry for release, followed by an entry summary. This memorandum is correcting those documents to allow for the use of an STB. The policy now reads:
Informal entries that are presented with estimated duties, taxes and fees, at the time of presentation are not required to have a bond. These informal entries are treated in the same manner that we treat live entries. This means that we collect the money then provide examination, if required, and then provide a release. When a broker/filer chooses to use the CBP 3461 entry for release, followed by an entry summary (CBP 7501) within 10 days, then either a continuous or single transaction bond is required. Additionally, these informals must be paid via ACH statement method.
A new Administrative Message will be sent. Questions regarding this notice can be addressed to William Scopa, Chief, Revenue Policy and Programs Branch, Office of International Trade via e-mail, william.r.scopa@dhs.gov or at 202-863-6554.
Signed
/Brenda B. Smith/
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