| Title: | Continuous Bond Sufficiency Review and Bond Stacking Liability |
|---|---|
| Date: | 2018-11-08 |
| To: | abi,edi |
| Links: | previous, original, next |
This is a reminder that CBP Revenue Division conducts sufficiency review for all active Activity Code Type 1 continuous bonds on a monthly basis. The bonding formula(s) used to conduct sufficiency review can be viewed at (https://www.cbp.gov/trade/priority-issues/revenue/bonds/bond-centralization-program). To avoid a bond stacking liability issue, it is in the importers best interest to forecast their import activities for the next 12 months, to determine if a bond increase beyond the minimum amount will be more appropriate.
Any questions regarding this message can be directed to the Surety Bonds and Accounts Team at bondquestions@cbp.dhs.gov or 317-614-4880.