Commercial Information Circulars
24-hour hotline : 23 922 922
e-mail address : enquiry@tid.gov.hk
Ref : EIC 111/3/10/2
27 October 2006
Dear Sirs,
Commercial Information Circular No. 422/2006
US : Monetary Guidelines for Setting Bond Amounts for Importations Subject
to Enhanced Bonding Requirements
In response to the problems encountered in collecting anti-dumping (AD) and countervailing (CVD) duties, the US Bureau of Customs and Border Protection (CBP) published in July 2004 the Amended Monetary Guidelines for Setting Bond Amounts for Special Categories of Merchandise Subject to Antidumping and/or Countervailing Duty Cases, which can be viewed at CBP's website (http://www.cbp.gov/xp/cgov/import/add_cvd/bonds/). These amended bond guidelines put in place a new method for determining the continuous bond amount for certain importers of merchandise subject to AD or CVD duty cases such that customs duties are properly collected without creating an unnecessarily excessive burden on importers or international trade and commerce. On 24 October 2006 CBP published in the Federal Register (FR) notice (appended to this circular) some additional information on the process used to determine the bond amounts, and sought public comment on the process by 26 December 2006. After considering the comments received, CBP will publish a revised version of the bond guidelines. Details of the current procedure and considerations for setting the bond amounts are set out in the attached (pdf format) FR notice.
ENQUIRIES
- For enquiries concerning the content of this circular, please contact the undersigned at 2398 5682.
Yours faithfully,
(Amanda Kwong)
for Director-General of Trade and Industry
| Note : | While every effort is made to ensure the accuracy of the above information, the Department cannot guarantee this to be so and will not be held liable for any reliance placed on the same. |