§125.42. Cancellation of liability.
19 C.F.R. § 125.42
The Fines, Penalties, and Forfeitures Officer, in accordance with delegated authority, may cancel liquidated damages incurred under the bond of the foreign trade zone operator, containing the bond conditions set forth in § 113.73 of this chapter, or under the bond of the cartman, lighterman, bonded carrier, bonded warehouse operator, container station operator or centralized examination station operator on Customs Form 301, containing the bond conditions set forth in § 113.63 of this chapter, upon the payment of such lesser amount, or without the payment of any amount, as the Fines, Penalties, and Forfeitures Officer may deem appropriate under the circumstances. Application for cancellation of liquidated damages incurred shall be made in accordance with the provisions of part 172 of this chapter.
Notes, amendments, and revision history
Amendments
[T.D. 00-57, 65 FR 53575, Sept. 5, 2000]
Authority
Authority: 19 U.S.C. 66, 1565, and 1624. Section 125.31, also issued under 5 U.S.C. 301; 19 U.S.C. 1311, 1312, 1484, 1555, 1556, 1557, 1623, and 1646a. Section 125.32 also issued under 5 U.S.C. 301; 19 U.S.C. 1484. Section 125.33 also issued under 19 U.S.C. 1311, 1312, 1555, 1556, 1557, 1623, and 1646a. Sections 125.41 and 125.42 also issued under 19 U.S.C. 1623.
Source
Source: T.D. 73-140, 38 FR 13554, May 23, 1973, unless otherwise noted.
Amendments
[T.D. 00-57, 65 FR 53575, Sept. 5, 2000]