C.F.R. » Title 19 » CHAPTER I—U.S. CUSTOMS AND BORDER PROTECTION, DEPARTMENT OF HOMELAND SECURITY; DEPARTMENT OF THE TREASURY › PART 113—CBP BONDS › Subpart B—Bond Application and Approval of Bond

19 C.F.R. § 113.12

Bond approval

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(a) Single transaction bonds. Single transaction bonds will be approved by the Revenue Division or the director of the port where filed.

(b) Continuous bonds. Continuous bonds must be approved by the Revenue Division. Only one continuous bond for a particular activity will be authorized for each principal.

[CBP Dec. 15-15, 80 FR 70163, Nov. 13, 2015]
Notes of Decisions
Cited in 5 cases, 2005–2015 · leading case: Carolina Tobacco Co. v. Bureau of Customs & Border Prot., 402 F.3d 1345 (Fed. Cir. 2005).
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Carolina Tobacco Co. v. Bureau of Customs & Border Prot., 402 F.3d 1345 (Fed. Cir. 2005). “Although Customs regulations require an importer to update its continuous bond application within 30 days “whenever there is a significant change” in the information provided in its previous application, 19 C.F.R. § 113.12 (b)(2), Carolina never updated its bond application to…”
United States v. Am. Home Assurance Co., 789 F.3d 1313 (Fed. Cir. 2015). “Int’l Trade 2006); see also 19 C.F.R. § 113.12 . 3 . An interested party may request Commerce to conduct an "administrative review” of an outstanding antidumping order.”
Nat'l Fisheries Inst., Inc. v. United States Bureau of Customs & Border Prot., 637 F. Supp. 2d 1270 (Ct. Intl. Trade 2009). “27 (a) ] and submit a new continuous bond application pursuant to [ 19 C.F.R. § 113.12 (b) ].” Id. For existing bonds, “CBP will enforce the bonds up to the date of termination, which will be no earlier than the effective date of this notice [April 1, 2009].”
Nat'l Fisheries Inst., Inc. v. United States Bureau of Customs & Border Prot., 465 F. Supp. 2d 1300 (Ct. Intl. Trade 2006). “19 C.F.R. § 113.12 (b)(l)(ii). Plaintiffs have demonstrated that to secure such additional bonding, plaintiffs’ sureties are requiring that the bonds be fully collateralized, which in turn requires plaintiffs to further encumber the credit available from their lending…”
United States v. Am. Home Assurance Co., 2015 CIT 120 (Ct. Intl. Trade 2015). · cites it 2× “2d 1300, 1302 (2006) (citing 19 C.F.R. § 113.12 )). 4 . The "bond period” is the duration for which ■the bond remains effective, thereby securing the importer’s merchandise entered during that time.”
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