19 U.S. Code § 1623 - Bonds and other security

(a) Requirement of bond by regulation
In any case in which bond or other security is not specifically required by law, the Secretary of the Treasury may by regulation or specific instruction require, or authorize customs officers to require, such bonds or other security as he, or they, may deem necessary for the protection of the revenue or to assure compliance with any provision of law, regulation, or instruction which the Secretary of the Treasury or the Customs Service may be authorized to enforce.
(b) Conditions and form of bond
Whenever a bond is required or authorized by a law, regulation, or instruction which the Secretary of the Treasury or the Customs Service is authorized to enforce, the Secretary of the Treasury may—
(1) Except as otherwise specifically provided by law, prescribe the conditions and form of such bond and the manner in which the bond may be filed with or, pursuant to an authorized electronic data interchange system, transmitted to the Customs Service, and fix the amount of penalty thereof, whether for the payment of liquidated damages or of a penal sum: Provided, That when a consolidated bond authorized by paragraph 4 of this subsection is taken, the Secretary of the Treasury may fix the penalty of such bond without regard to any other provision of law, regulation, or instruction.
(2) Provide for the approval of the sureties on such bond, without regard to any general provision of law.
(3) Authorize the execution of a term bond the conditions of which shall extend to and cover similar cases of importations over such period of time, not to exceed one year, or such longer period as he may fix when in his opinion special circumstances existing in a particular instance require such longer period.
(4) Authorize, to the extent that he may deem necessary, the taking of a consolidated bond (single entry or term), in lieu of separate bonds to assure compliance with two or more provisions of law, regulations, or instructions which the Secretary of the Treasury or the Customs Service is authorized to enforce. A consolidated bond taken pursuant to the authority contained in this subsection shall have the same force and effect in respect of every provision of law, regulation, or instruction for the purposes for which it is required as though separate bonds had been taken to assure compliance with each such provision.
(c) Cancellation of bond
The Secretary of the Treasury may authorize the cancellation of any bond provided for in this section, or of any charge that may have been made against such bond, in the event of a breach of any condition of the bond, upon the payment of such lesser amount or penalty or upon such other terms and conditions as he may deem sufficient. In order to assure uniform, reasonable, and equitable decisions, the Secretary of the Treasury shall publish guidelines establishing standards for setting the terms and conditions for cancellation of bonds or charges thereunder.
(d) Validity of bond
No condition in any bond taken to assure compliance with any law, regulation, or instruction which the Secretary of the Treasury or the Customs Service is authorized to enforce shall be held invalid on the ground that such condition is not specified in the law, regulation, or instruction authorizing or requiring the taking of such bond. Any bond transmitted to the Customs Service pursuant to an authorized electronic data interchange system shall have the same force and effect and be binding upon the parties thereto as if such bond were manually executed, signed, and filed.
(e) Deposit of money or obligation of United States in lieu of bond
The Secretary of the Treasury is authorized to permit the deposit of money or obligations of the United States, in such amount and upon such conditions as he may by regulation prescribe, in lieu of sureties on any bond required or authorized by a law, regulation, or instruction which the Secretary of the Treasury or the Customs Service is authorized to enforce.

Source

(June 17, 1930, ch. 497, title IV, § 623,46 Stat. 759; June 25, 1938, ch. 679, § 30,52 Stat. 1089; Pub. L. 91–271, title III, § 301(ii),June 2, 1970, 84 Stat. 291; Pub. L. 100—418, title I, § 1904,Aug. 23, 1988, 102 Stat. 1313; Pub. L. 103–182, title VI, § 647,Dec. 8, 1993, 107 Stat. 2207.)
Amendments

1993—Subsec. (b)(1). Pub. L. 103–182, § 647(1), inserted “and the manner in which the bond may be filed with or, pursuant to an authorized electronic data interchange system, transmitted to the Customs Service” after “form of such bond”.
Subsec. (d). Pub. L. 103–182, § 647(2), inserted at end “Any bond transmitted to the Customs Service pursuant to an authorized electronic data interchange system shall have the same force and effect and be binding upon the parties thereto as if such bond were manually executed, signed, and filed.”
1988—Subsec. (c). Pub. L. 100–418provided for publication of guidelines establishing customs bond cancellation standards.
1970—Subsec. (a). Pub. L. 91–271substituted reference to customs officers for reference to collectors of customs.
1938—Act June 25, 1938, amended section generally, among other changes adding subsecs. (c) to (e).
Effective Date of 1970 Amendment

For effective date of amendment by Pub. L. 91–271, see section 203 ofPub. L. 91–271, set out as a note under section 1500 of this title.
Effective Date of 1938 Amendment

Amendment by act June 25, 1938, effective on thirtieth day following June 25, 1938, except as otherwise specifically provided, see section 37 of act June 25, 1938, set out as a note under section 1401 of this title.
Transfer of Functions

For transfer of functions, personnel, assets, and liabilities of the United States Customs Service of the Department of the Treasury, including functions of the Secretary of the Treasury relating thereto, to the Secretary of Homeland Security, and for treatment of related references, see sections 203 (1), 551 (d), 552 (d), and 557 of Title 6, Domestic Security, and the Department of Homeland Security Reorganization Plan of November 25, 2002, as modified, set out as a note under section 542 of Title 6.
Functions of all other officers of Department of the Treasury and functions of all agencies and employees of such Department transferred, with certain exceptions, to Secretary of the Treasury, with power vested in him to authorize their performance or performance of any of his functions, by any of such officers, agencies, and employees, by Reorg. Plan No. 26 of 1950, §§ 1, 2, eff. July 31, 1950, 15 F.R. 4935, 64 Stat. 1280, 1281, set out in the Appendix to Title 5, Government Organization and Employees. Customs Service was under Department of the Treasury.

This is a list of parts within the Code of Federal Regulations for which this US Code section provides rulemaking authority.

This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].

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19 CFR - Customs Duties

19 CFR Part 4 - VESSELS IN FOREIGN AND DOMESTIC TRADES

19 CFR Part 7 - CUSTOMS RELATIONS WITH INSULAR POSSESSIONS AND GUANTANAMO BAY NAVAL STATION

19 CFR Part 10 - ARTICLES CONDITIONALLY FREE, SUBJECT TO A REDUCED RATE, ETC.

19 CFR Part 12 - SPECIAL CLASSES OF MERCHANDISE

19 CFR Part 18 - TRANSPORTATION IN BOND AND MERCHANDISE IN TRANSIT

19 CFR Part 19 - CUSTOMS WAREHOUSES, CONTAINER STATIONS AND CONTROL OF MERCHANDISE THEREIN

19 CFR Part 54 - CERTAIN IMPORTATIONS TEMPORARILY FREE OF DUTY

19 CFR Part 112 - CARRIERS, CARTMEN, AND LIGHTERMEN

19 CFR Part 113 - CUSTOMS BONDS

19 CFR Part 114 - CARNETS

19 CFR Part 118 - CENTRALIZED EXAMINATION STATIONS

19 CFR Part 122 - AIR COMMERCE REGULATIONS

19 CFR Part 125 - CARTAGE AND LIGHTERAGE OF MERCHANDISE

19 CFR Part 127 - GENERAL ORDER, UNCLAIMED, AND ABANDONED MERCHANDISE

19 CFR Part 132 - QUOTAS

19 CFR Part 133 - TRADEMARKS, TRADE NAMES, AND COPYRIGHTS

19 CFR Part 141 - ENTRY OF MERCHANDISE

19 CFR Part 146 - FOREIGN TRADE ZONES

19 CFR Part 147 - TRADE FAIRS

19 CFR Part 172 - CLAIMS FOR LIQUIDATED DAMAGES; PENALTIES SECURED BY BONDS

26 CFR - Internal Revenue

26 CFR Part 48 - MANUFACTURERS AND RETAILERS EXCISE TAXES

50 CFR - Wildlife and Fisheries

50 CFR Part 12 - SEIZURE AND FORFEITURE PROCEDURES

 

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