CBP: Final rule on continuous bonds | KPMG | GLOBAL

CBP: Final rule on continuous bonds

CBP: Final rule on continuous bonds

U.S. Customs and Border Protection (CBP) today released for publication in the Federal Register a final rule concerning “continuous bonds.” Today’s release finalizes the rules concerning the CBP bond program (as proposed in 2010) but with certain changes. For instance, the final rule does not reflect the originally proposed development of electronic bonds.


Related content

The final rule [PDF 285 KB]—

  • Clarifies the terms “CBP-approved electronic data interchange system” and “electronic filing” to describe the manner by which continuous bonds may be submitted to CBP
  • Provides that continuous bonds may be scanned and submitted to CBP as an email attachment or by facsimile 
  • Amends the CBP regulations to allow for the filing of single transaction bonds
  • Clarifies existing CBP regulations to reflect that intellectual property rights sample bonds are to intended to protect the importer or owner of the sample
  • Changes provisions of the international carrier bond requirements regarding the payment of fees
  • Makes what are described as “non-substantive amendments” to CBP regulations regarding nomenclature and organizational changes


For more information, contact a professional with KPMG’s Trade & Customs practice:

Douglas Zuvich | +1 (312) 665-1022 | dzuvich@kpmg.com

Andrew Siciliano | +1 (631) 425-6057 | asiciliano@kpmg.com

© 2017 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us


Request for proposal