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39 Cust. B. 1 (2005)

handle is hein.usfed/cusbul0048 and id is 1 raw text is: Bureau of Customs and
Border Protection
General Notices
Automated Commercial Environment (ACE): Elimination of
Bond Rider Requirement for Participation in Periodic
Monthly Statement Payment Process
AGENCY: Customs and Border Protection; Department of Home-
land Security
ACTION: General notice.
SUMMARY: This notice announces changes in the Bureau of Cus-
toms and Border Protection's (CBP) National Customs Automation
Program (NCAP) test concerning periodic monthly deposit of esti-
mated duties and fees. Participants in the Periodic Monthly State-
ment test are no longer required to provide a bond rider covering the
periodic payment of estimated duties and fees. Nonpayment or un-
timely payment of estimated duties and fees, however, may result in
action by CBP to impose sanctions on the delinquent importer of
record or to allow the surety to terminate its basic importation bond.
If the bond principal is a participant in the Periodic Monthly State-
ment test, sureties will now be allowed, under certain conditions, to
terminate bonds with 3 business days notice to the bond principal
and CBP.
EFFECTIVE DATES: The elimination of the requirement to pro-
vide a bond rider covering the periodic payment of estimated duties
is effective immediately.
ADDRESSES: Comments concerning this notice should be submit-
ted to Robert B. Hamilton via email at Robert.B.Hamilton@dhs.go
SUPPLEMENTARY INFORMATION:
Background
On February 4, 2004, the Bureau of Customs and Border Protec-
tion (CBP) published a General Notice in the Federal Register (69
FR 5362) announcing the National Customs Automation Program
(NCAP) test for Periodic Monthly Payment Statement Process. The

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