[Code of Federal Regulations]
[Title 19, Volume 1]
[Revised as of April 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 19CFR113.68]

[Page 514]
 
                        TITLE 19--CUSTOMS DUTIES
 
  CHAPTER I--UNITED STATES CUSTOMS SERVICE, DEPARTMENT OF THE TREASURY
 
PART 113--CUSTOMS BONDS--Table of Contents
 
                   Subpart G--Customs Bond Conditions
 
Sec. 113.68  Wool and fur products labeling acts and fiber products identification act bond conditions.

    A bond to comply with wool and fur products labeling acts and fiber 
products identification act shall contain the conditions listed in this 
section and shall be a single entry bond.

 Wool and Fur Products Labeling Acts and Fiber Products Identification 
                                   Act

    (a) If the principal obtains release from Customs custody of any 
wool or fur product (hereafter ``merchandise'') that is subject to the 
provisions of the Wool Products Labeling Act of 1939, the Fur Products 
Labeling Act, or the Fiber Products Identification Act, the principal 
guarantees that the merchandise complies with every provision of those 
Acts, as applicable.
    (b) If any of the released merchandise does not comply with each 
applicable provision of the Wool Products Labeling Act of 1939, the Fur 
Products Labeling Act, or the Fiber Products Identification Act, the 
obligors (principal or surety, jointly and severally) agree to pay 
liquidated damages equal to two times the value of the merchandise 
involved in the default and duty thereon. It is understood and agreed 
that the amount to be collected under this condition shall be based upon 
the quantity and value of the merchandise as determined by Customs. 
Value as used in these provisions means value as determined under 19 
U.S.C. 1401a.

[T.D. 84-213, 49 FR 41171, Oct. 19, 1984, as amended by T.D. 88-72, 53 
FR 45902, Nov. 15, 1988]