CBP Says In-Bond Proposed Rule to be out Soon, 60-Day Comment Period
U.S. Customs and Border Protection has issued a press release that quotes Acting Commissioner Aguilar as stating that "CBP is fully committed to facilitating and modernizing the trade process," and that CBP "can and will be a force for increased economic competitiveness for our nation." The press release also states that in the near future a notice of proposed rulemaking for the in-bond process will be published in the Federal Register.
Sign up for a free preview to unlock the rest of this article
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
This rule proposes various changes to in-bond regulations that will enhance CBP's relationship with trade partners. The public will have 60 days to submit comments.
(See ITT's Online Archives 12020814 for advanced summary of this proposed rule based on a 2011 CBP Trade Symposium presentation, which stated that the rulemaking will propose to automate the entire in-bond process, change the transit times, require notification, require permits, disallow unknown bill numbers, etc.)
(Press release titled: CBP Highlights Recent Trade Successes, dated 02/13/12)