On February 13, 2024, U.S. Customs and Border Protection (CBP) released an updated directive on Monetary Guidelines for Setting Bond Amounts.
This directive reflects current policies and procedures for submitting bonds to CBP, which are essential for safeguarding U.S. revenue and ensuring compliance with laws and regulations. The updated guidance addresses gaps, clarifies responsibilities for both CBP and the trading public, and outlines factors considered when setting bond amounts.
This collaboration between CBP, stakeholders, and various offices within the agency aims to continually improve the bond program and support CBP's priority to facilitate lawful trade and protect revenue.
For more information please refer to https://content.govdelivery.com/bulletins/gd/USDHSCBP-38a68ab?wgt_ref=USDHSCBP_WIDGET_2
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