[Code of Federal Regulations]

[Title 19, Volume 2]

[Revised as of April 1, 2006]

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

[CITE: 19CFR172.1]



[Page 315]

 

                        TITLE 19--CUSTOMS DUTIES

 

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

        HOMELAND SECURITY; DEPARTMENT OF THE TREASURY (CONTINUED)

 

PART 172_CLAIMS FOR LIQUIDATED DAMAGES; PENALTIES SECURED BY BONDS

--Table of Contents

 

          Subpart A_Notice of Claim and Application for Relief

 

Sec.  172.1  Notice of liquidated damages or penalty incurred and right 

to petition for relief.





    (a) Notice of liquidated damages or penalty incurred. When there is 

a failure to meet the conditions of any bond posted with Customs or when 

a violation occurs which results in assessment of a penalty which is 

secured by a Customs bond, the principal will be notified in writing of 

any liability for liquidated damages or penalty incurred and a demand 

will be made for payment. The sureties on such bond will also be 

notified in writing of any such liability at the same time.

    (b) Notice of right to petition for relief. The notice will inform 

the principal that application may be made for relief from payment of 

liquidated damages or penalty.