We have seen a sharp increase in the number of insufficient bond messages returned from CBP recently. In some cases, there has been no lead time requiring the importer to request an immediate increase from the surety in order to continue entry processing.
Regulations state that a 30 day lead period is in place to allow importers time to comply with an increased demand; however, the regulation further states that “…CBP can require immediate additional security if it believes failing to do so would place the revenue in jeopardy.”
We have contacted CBP’s Bond Division and while they advise they have had no change in policy, we strongly encourage importers who have seen an increase in volume or value to evaluate bond sufficiency.
Please contact Vandegrift with any questions regarding bond placement or evaluation.