CBP sets enhanced bonding requirements

CBP sets enhanced bonding requirements    U.S. Customs and Border Protection has published new criteria for setting continuous bonds for special categories of merchandise at high-risk for default due to antidumping or countervailing duties.
   A company’s bond will be set based on:
   * The overall industry’s payment compliance history.
   * The similarity to previous imports or industries experiencing uncollected revenue problems.
   * Payment history.
   * Indications that liquidated duty rates may exceed existing security.
   * Other factors determined by CBP.
      The agency said it is still accepting comments on the notice even though the criteria are now in effect.
   To read the notice in the Federal Register, go to
https://a257.g.akamaitech.net/7/257/2422/01jan20061800/edocket.access.gpo.gov/2006/pdf/E6-17885.pdf .