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19 C.F.R. § 113.53   Waiver of Customs requirement supported by a bond.

Title 19 - Customs Duties

Title 19: Customs Duties
PART 113—CUSTOMS BONDS
Subpart F—Assessment of Damages and Cancellation of Bond

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§ 113.53   Waiver of Customs requirement supported by a bond.

(a) Waiver by the Commissioner of Customs. When a Customs requirement supported by a bond is waived by the Commissioner of Customs, the waiver may be:

(1) Unconditional, in which case the importer is relieved from the payment of liquidated damages;

(2) Conditioned upon prior settlement of the bond obligation by payment of liquidated damages; or

(3) Conditioned upon such other terms and conditions as the Commissioner may deem sufficient.

(b) Waiver by the port director. When a Customs requirement supported by a bond is waived by the port director pursuant to the authority conferred by these regulations, the waiver shall be unconditional.

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