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IEEPA Refunds and Import Bond Sufficiency- What Importers and Brokers Need to Know
Recent IEEPA duty refunds have created a disconnect between the duty amounts reflected in surety entry data received through the Automated Surety Interface (ASI) and the amounts U.S. Customs and Border Protection (CBP) use to determine bond sufficiency. As a result, importers and customs brokers should take extra care when evaluating bond adequacy. How IEEPA Refunds Affect Bond Sufficiency After an IEEPA refund is processed through CAPE, CBP transmits updated, or ascertained, duty amounts to sureties through ASI. However, CBP has confirmed that bond sufficiency reviews continue to be based on 10% of estimated duties, taxes, and fees, not the […]












