Reconciliation is a customs process in which participation requires a principal to add a special rider to their continuous importer bond. It allows an importer to estimate the value of goods entering the U.S. and pay any duties, taxes and fees based on that amount. After a period of 18-21 months, when the importer has determined the … Read more
Customs and Border Protection (“CBP”) has recently abandoned its prolonged efforts to overturn a series of decisions in the United States Court of International Trade (“CIT”), in National Fisheries v. United States, which declared enhanced bonding requirements (“EBRs”) applied to surety bonds covering shrimp subject to antidumping duty unlawful. Under the EBR protocol, CBP required … Read more
On December 28, 2010, our office was notified by Customs that hundreds of Customs bonds were to be “shut off” by Customs due to a failure to comply with an obscure Customs requirement. This requirement states that a specific rider must be added to any bond used to import into the U.S. Virgin Islands. The … Read more
In conjunction with CBP, C.A. Shea now offers an expedited process for filing bond paperwork. Traditionally, bond forms and related documents would be e-mailed to the broker, who in turn forwarded them to the principal for completion. The principal would then sign and return the original documents with original (wet) signatures back to Shea for … Read more
C. A. Shea & Company, Inc. is proud to announce our new exclusive online bond issuance system, SheaBond.com. Our portal can be used to deliver all manner of single transaction bonds (ISF, importer, duty drawback, international carrier, etc) for any number of reasons. Perhaps your client’s continuous bond was rendered insufficient by Customs and they … Read more
