[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: 19CFR113.53]



[Page 550]

 

                        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 F_Assessment of Damages and Cancellation of Bond

 

Sec.  113.53  Waiver of Customs requirement supported by a bond.



    (a) Waiver by the Commissioner of Customs. When a Customs 

requirement supported by a bond is waived by the Commissioner of 

Customs, the waiver may be:

    (1) Unconditional, in which case the importer is relieved from the 

payment of liquidated damages;

    (2) Conditioned upon prior settlement of the bond obligation by 

payment of liquidated damages; or

    (3) Conditioned upon such other terms and conditions as the 

Commissioner may deem sufficient.

    (b) Waiver by the port director. When a Customs requirement 

supported by a bond is waived by the port director pursuant to the 

authority conferred by these regulations, the waiver shall be 

unconditional.