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Notice
to Exporters
EIC 111/5/10/12/1
12 June
1997
Dear Sirs,
Notice
to Exporters: Series 1 (USA) No. 26/97
Export of Textiles to the USA
USA:
New Bond Requirements for Textiles and Apparel Imports
Notice to Exporters
Series 1 No. 14/97 informed the trade, amongst others, with effect from
1 May 1997, the single entry bonds for all imports of goods in Categories
336, 342, 351, 352, 442, 636, 642 from Hong Kong were removed and the
US Customs would be reviewing the continuous bond sufficiency for all
importers of textile products.
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One 5 June 1997,
the US Customs issued a directive to all port directors announcing
that with effect from 1 July 1997, the continuous bond coverage requirement
for importers of textile products, regardless of the source of the
imports, would be set at 2% of the value of the importers'world-wide
textiles imports for the previous calendar year, or their current
bond, whichever is the higher, with lower and upper ceilings of US$50
thousand and 30 million respectively. Besides, the bond could be increased,
on top of the standard 2%, in increments of 1-5%, if a company was
found having been involved in illegal transhipment. In circumstances
of repeated offence, single entry bond might be required. For details,
please refer to the US Customs'directive appended to this notice.
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Enquiries
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Enquiries regarding
the content of this notice may be directed to the undersigned at telephone
number 2398 5417. |
Yours faithfully,
(W L CHOW)
for Director-General of Trade
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Convenient
and efficient enquiry service - please use Trade Department 24 hours
General Enquiry Hotline : 2392 2922
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The appendix to this
circular will be available on the homepage in due course.
If you wish to see this appendix now, you may collect it at the Information
Counter at G/F of Trade Department Tower, 700 Nathan Road, Kowloon, Hong
Kong.
Note:
While every endeavour has been made to ensure the accuracy of the above
information, the Department will not accept any responsibility for any
loss or consequence howsoever caused by any reliance placed on such information.
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