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19 CFR 147.3

§ 147.3 Bond required.

United States · 19 CFR — Customs Duties · Status: effective

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Citation
19 CFR 147.3, § 147.3 Bond required, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/74753
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Full text

The fair operator shall file a bond on Customs Form 301, containing the bond conditions set forth in § 113.62 of this chapter in such amount as the port director requires. Liquidated damages shall be assessed by the port director under the bond if payments required by §§ 147.33, 147.41 or 147.43 are not paid upon demand.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.