CBP Clarifies Use of Electronic STBs to Secure Cargo Release
CBP adds that if an STB is submitted to eBond for a circumstance in which a paper STB is required, the electronic STB should be voided and a bond should be issued for that transaction in accordance with the current procedures used at the ports.
The eBond test began Jan. 3 and is scheduled to run for approximately two years. The eBond system is intended to establish a single repository for the centralization of all eBonds within the Office of Administration’s Revenue Division, harmonize and enhance CBP’s bond processes, and eliminate flaws in the execution of customs bonds that may lead to increased legal risk for CBP. It is anticipated that the eBond test will reduce paper processing, expedite cargo release, allow for bonds to be transmitted beyond regular CBP business hours, and enhance traceability for audit purposes.
For more on eBond, click here.