[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: 19CFR113.68]



[Page 559]

 

                        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 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]