[Code of Federal Regulations]
[Title 19, Volume 2]
[Revised as of April 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 19CFR172.1]

[Page 313]
 
                        TITLE 19--CUSTOMS DUTIES
 
  CHAPTER I--UNITED STATES CUSTOMS SERVICE, DEPARTMENT OF THE TREASURY
 
PART 172--CLAIMS FOR LIQUIDATED DAMAGES; PENALTIES SECURED BY BONDS--Table of Contents
 
          Subpart A--Notice of Claim and Application for Relief
 
Sec. 172.1  Notice of liquidated damages or penalty incurred and right to petition for relief.


    (a) Notice of liquidated damages or penalty incurred. When there is 
a failure to meet the conditions of any bond posted with Customs or when 
a violation occurs which results in assessment of a penalty which is 
secured by a Customs bond, the principal will be notified in writing of 
any liability for liquidated damages or penalty incurred and a demand 
will be made for payment. The sureties on such bond will also be 
notified in writing of any such liability at the same time.
    (b) Notice of right to petition for relief. The notice will inform 
the principal that application may be made for relief from payment of 
liquidated damages or penalty.