| Title: | Requirement for Single Transaction Bond in ACE |
|---|---|
| Date: | 2010-09-24 |
| To: | abi,acep |
| Links: | previous, next |
Importers, brokers, and other stakeholders are being reminded of the bond requirement under 19 CFR 142.4 for imported merchandise. A copy of the Single Transaction Bond (STB), being obligated for an ACE entry summary, is required to be submitted to ACE_STB@cbp.dhs.gov. This requirement is outlined in the “Business Rules and Process Document (Trade)”document in chapter “5.0 Single Transaction Bond”. Failure to submit the STB for an ACE entry summary may result in liquidated damages under 19 CFR 113.62 (m). Any STBs that were not submitted for past ACE entry summaries need to be submitted to ACE_STB@cbp.dhs.gov in order to avoid liquidated damages.