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Temporary Importation Bonds; Anticipatory Breach, Assessment Amounts, Petitions for Relief

customs-cbp · CBP · Rule · Published 1995-03-20 · Effective 1995-04-19 · 60 FR 14630

Document

Document number
95-6759
Federal Register citation
60 FR 14630
CFR reference
19 CFR 10
Type
Rule
Action
Final rule.
Category
customs-cbp
Sub-agency
CBP
Publication date
1995-03-20
Effective date
1995-04-19
Treasury docket
T.D. 95-22

Abstract

This document amends the Customs Regulations to permit anticipatory breach and provide for early payment of liquidated damages in Temporary Importation Bond (TIB) cases. It also amends the regulations to permit assessment of liquidated damages in excess of double the duties in those cases where the district director requires extra bonding in order to protect the revenue and to state that the term ``duties'' for TIB assessment shall also include any applicable merchandise processing fees that otherwise would be charged on an entry for consumption. Finally, the document amends the regulations to eliminate forwarding of petitions for relief in TIB cases to Customs Headquarters when the bond principal or surety is dissatisfied with the decision on the petition afforded by the district director.

Source

Authoritative
Federal Register document
Machine
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