View all text of Subpart B [§ 113.11 - § 113.15]

§ 113.12 - Bond approval.

(a) Single transaction bonds. Single transaction bonds will be approved by the Revenue Division or the director of the port where filed.

(b) Continuous bonds. Continuous bonds must be approved by the Revenue Division. Only one continuous bond for a particular activity will be authorized for each principal.

[CBP Dec. 15-15, 80 FR 70163, Nov. 13, 2015]