CBP COVID-19 – 90 Day Postponement of Payment for the Deposit of Certain Estimated Duties, Taxes, and Fees

Posted on: April 20th, 2020 • In News

Customs (CBP) has announced some temporary changes (CSMS #42423171, CSMS #42421561, FRN) concerning the payment of certain duties, taxes and fees in response to importers negatively impacted by COVID-19.  These changes only impact certain types of import transactions (entries), such as formal entries of merchandise entered, or withdrawn from warehouse, for consumption

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Our COVID-19 Response

Posted on: March 16th, 2020 • In News

We at C.A. Shea & Company, Inc. are constantly monitoring the evolution and development of COVID-19 and assessing the threat to the well-being of our staff and associates. Beginning on March 17, 2020, we will be adhering to the “social distancing” policy and have instructed our staff to remain home

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CBP Releases New 5106 Form

Posted on: March 18th, 2019 • In Bonds

Customs and Border Protection (CBP) has announced an update to the 5106 form effective March 18, 2019.  CBP has been working on this new 5106 form for the past few years.  Our office has provided input on this form several times, which has impacted the final form.  This new form

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Increased Tariffs for Steel and Aluminum

Posted on: September 13th, 2018 • In Bonds

On March 8, 2018 the President issued proclamations to increase the tariffs/duties owed on the importation of steel and aluminum articles into the United States.  These changes have caused some concern in the U.S. Customs and Border Protection (CBP) world, especially regarding the bond amounts for continuous Importer bonds.  Since

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CBP Insufficiency

Posted on: September 13th, 2018 • In Bond Type: 301-1 - Importer

CBP periodically monitors the sufficiency of active bonds they have on file.  If they find that an active Importer bond is not sufficient according to it’s published directive, which is based on the import activity of the principal, they may do one of two things.  (1) In the event that

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What is an Airport Security Bond?

Posted on: April 30th, 2018 • In Bond Type: 301-11 Airport Security, Bonds

Do you have construction clients who work, or will be working, at an international airport?  If so, they may need an Airport Security bond before they start the job. According to Customs: “Customs security area” means the Federal inspection services area at any airport accommodating international air commerce designated for

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What is a Custodian of Bonded Merchandise bond?

Posted on: April 30th, 2018 • In Bond Type: 301-2 - Custodian of Bonded Merchandise, Bonds

A Custodian of Bonded Merchandise bond, activity code 2, covers various types of operations for companies transporting or holding goods that have not yet entered the commerce of the United States for export or entry at a later time or place; also known as “Bonded Merchandise.”  Operations such as bonded

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Paperless Invoices and Statements

Posted on: April 30th, 2018 • In Bond Spotlight

In an attempt to better serve our clients, our office will be sending renewal notices and statements via email in the future.  This will allow our clients to receive their statements and renewal invoices directly into their email inbox without having to worry about documents getting lost in the mail. 

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C.A. Shea Surety Relationships

Posted on: January 17th, 2018 • In Bond Spotlight

We are pleased to announce that C.A. Shea has entered into relationships with Berkshire Hathaway and XL Catlin. In our efforts to provide the highest level of service and expertise, C.A. Shea & Company, Inc. has working relationships with the following surety groups: AIG– Surety Arch Insurance Company Argo Surety

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Customs “Bad Address” Policy – Why a Current Address is so Important.

Posted on: January 17th, 2018 • In Bonds

It has become ever more important for bond principals to keep their Customs bonds up to date.  In the last few years, Customs and Border Protection (CBP) has initiated a number of policies that can have a serious effect on your client’s ability to operate.  One of the most consequential

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