[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: 19CFR114.12]



[Page 565]

 

                        TITLE 19--CUSTOMS DUTIES

 

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

              HOMELAND SECURITY; DEPARTMENT OF THE TREASURY

 

PART 114_CARNETS--Table of Contents

 

             Subpart B_Issuing and Guaranteeing Associations

 

Sec.  114.12  Termination of approval.



    (a) For cause. The Commissioner may suspend or revoke the approval 

previously given to any issuing association or guaranteeing association 

for failure or refusal to comply with the duties, obligations, or 

requirements set forth in its written undertaking on which the approval 

was based; in the applicable Customs Convention; or in the customs 

regulations; or upon termination of the affiliation with an appropriate 

international organization required by Sec.  114.11(a). Before such 

suspension or revocation, the Commissioner shall give the association a 

reasonable opportunity to refute the alleged failure of compliance.

    (b) Withdrawal. To be relieved of future obligations, an approved 

guaranteeing association must notify the Commissioner, in writing, not 

less than 6 months in advance of a specified termination date that it 

will not guarantee the payment of obligations under carnets accepted by 

district directors of Customs after the specified date. The receipt of 

such notice by the Commissioner will in no way affect the responsibility 

of the guaranteeing association for payment of claims on carnets 

accepted by district directors before the designated termination date.

    (c) Notice. Notice of the suspension or revocation of the approval 

of an issuing association or a guaranteeing association, or of the 

withdrawal of an approved guaranteeing association, with respect to a 

Customs Convention to which the United States has acceded will be 

published in the Federal Register by the Commissioner.



[T.D. 70-134, 35 FR 9261, June 13, 1970, as amended by T.D. 71-70, 36 FR 

4490, Mar. 6, 1971]