The bond is used to assure that duties, taxes, charges, penalties, and reimbursable expenses owed to the Government are paid; to facilitate the movement of merchandise through CBP; and to provide legal recourse for the Government for noncompliance with CBP laws and regulations and the laws and regulations of other agencies which are enforced by CBP.
US Code:
19 USC 1608
Name of Law: Tariff Act of 1930
The burden hours were adjusted due to better estimates by CBP regarding the number of these forms filed. Also, CBP is proposing to revise Form 301 to make the bond process more efficient, and in accordance with public comments we received.
$5,715,570
No
No
No
No
No
Uncollected
Tracey Denning 202 927-0197
No
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.