[Code of Federal Regulations]

[Title 19, Volume 1]

[Revised as of April 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 19CFR113.2]



[Page 538]

 

                        TITLE 19--CUSTOMS DUTIES

 

   CHAPTER I--BUREAU OF CUSTOMS AND BORDER PROTECTION, DEPARTMENT OF 

              HOMELAND SECURITY; 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.