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CBP Posts Updated Bond Policies and Procedures

CBP, at the URL below, has posted new guidance concerning customs bond policies and procedures. It notes that the Continuous Transaction Bond program has been centralized at CBP’s Revenue Division in Indianapolis, Indiana.

All continuous and term bond submissions, including continuous ISF bonds, along with requests for terminations and bond riders, must be submitted via email to cbp.bondquestions@dhs.gov. Details concerning the items that must be included in a complete bond application package are set forth at page four of the policies and procedures document. Questions about bond processing can be submitted to the same email address. All email communications with CBP concerning bonds must be drafted according to the mandatory format prescribed in the policies and procedures document.

Currently, less than 10 percent of bond submissions are rejected by CBP. Notification of an approved bonds is provided by email to the applicant.

The new policies and procedures can be found at:

http://www.cbp.gov/linkhandler/cgov/trade/trade_programs/bonds/pilot_program/news_develop/bond_pol_proc.ctt/bond_pol_proc.pdf

This article is general information, not legal advice, and reading it does not create an attorney-client relationship. The law described here changes, sometimes weekly. For advice about your own entries, notices or deadlines, contact the firm.

Neil B. Mooney, founder of the firm

Neil B. Mooney

Founder, of counsel · English · Español

Twenty-seven years on the cargo ramp, in the brokerage house and running his own forwarding and NVOCC group before law school. Licensed Customs broker since 1978, lawyer since 1999, and he consults on virtually every case.

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