| Title: | BOND REQUIREMENTS FOR INFORMAL ENTRIES |
|---|---|
| Date: | 2002-01-14 |
| To: | abi |
| Links: | previous, next |
TO: DIRECTORS, FIELD OPERATIONS
FROM: EXECUTIVE DIRECTOR, TRADE PROGRAMS
OFFICE OF FIELD OPERATIONS
SUBJECT: BOND REQUIREMENTS ON INFORMAL ENTRIES
WE REFER TO HEADQUARTERS MESSAGE DATED JULY 7, 1998,
(FO:TC:C:E:O LR) CONCERNING BOND REQUIREMENTS FOR INFORMAL
ENTRIES. IT HAS BEEN BROUGHT TO OUR ATTENTION THAT THIS
REQUIREMENT IS NOT BEING UNIFORMLY ADMINISTERED. THE PURPOSE
OF THIS MEMORANDUM IS TO FURTHER CLARIFY THE ABOVE INSTRUCTIONS
AND ESTABLISH NATIONAL UNIFORMITY.
INFORMAL ENTRIES THAT ARE PRESENTED WITH THE 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
CF3461 ENTRY FOR RELEASE, FOLLOWED BY AN ENTRY SUMMARY
(CF7501) WITHIN 10 DAYS, THEN A CONTINUOUS BOND IS REQUIRED.
ADDITIONALLY, THESE INFORMALS MUST BE PAID VIA ACH STATEMENT
PAYMENT METHOD.
QUESTIONS REGARDING BOND ISSUES SHOULD BE DIRECTED TO THE ENTRY
AND DRAWBACK MANAGEMENT BRANCH AT (202) 927-0360.
ELIZABETH G. DURANT
CC: EXECUTIVE DIRECTOR, FIELD OPERATIONS