International Trade: Customs' Revised Bonding Policy Reduces Risk of Uncollected Duties, but Concerns about Uneven Implementation and Effects Remain
Description:
A letter report issued by the Government Accountability Office with an abstract that begins "Since 2003, the Department of Homeland Security's U.S. Customs and Border Protection (CBP) has been unable to collect at least $480 million in antidumping (AD) and countervailing (CV) duties. In July 2004, CBP revised its policy regarding the continuous bonds (CB) that importers post. The policy potentially significantly increases the amount of the bonds for affected importers. Following the application…
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Date:
October 18, 2006
Creator:
United States. Government Accountability Office.
Item Type:
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Report
Partner:
UNT Libraries Government Documents Department