[Code of Federal Regulations]
[Title 19, Volume 1]
[Revised as of April 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 19CFR113.2]

[Page 483]
 
                        TITLE 19--CUSTOMS DUTIES
 
  CHAPTER I--UNITED STATES CUSTOMS SERVICE, DEPARTMENT OF THE TREASURY
 
PART 113--CUSTOMS BONDS--Table of Contents
 
                      Subpart A--General Provisions
 
Sec. 113.2  Powers of Commissioner of Customs relating to bonds.

    Whenever a bond is required or authorized by law, regulation, or 
instruction, the Commissioner of Customs may:
    (a) Prescribe the conditions and form of the bond and fix the amount 
of penalty, whether for the payment of liquidated damages, or of a penal 
sum, except as otherwise specifically provided by law.
    (b) Provide for the approval of the sureties on the bond, without 
regard to any general provision of law.
    (c) Authorize the execution of a term bond, the conditions of which 
shall extend to and cover similar cases of importations over a period of 
time, not to exceed one year or such longer period he may fix, when in 
his opinion special circumstances warrant a longer period.
    (d) Authorize the taking of a consolidated bond (single entry or 
term) in lieu of separate bonds to assure compliance with two or more 
provisions of law, regulation, or instruction. Such a consolidated bond 
shall have the same force and effect as the separate bonds in lieu of 
which it was taken. The Commissioner of Customs may fix the penalty for 
violation of a consolidated bond without regard to any other provision 
of law, regulation, or instruction.