§172.4. Demand on surety.
19 C.F.R. § 172.4
If the principal fails to file a petition for relief or fails to comply in the prescribed time with a decision to mitigate a penalty or cancel a claim for liquidated damages issued with regard to a petition for relief, Customs will make a demand for payment on surety. The surety will then have 60 days from the date of the demand to file a petition for relief.
Notes, amendments, and revision history
Authority
Authority: 19 U.S.C. 66, 1618, 1623, 1624.
Source
Source: T.D. 00-57, 65 FR 53578, Sept. 5, 2000, unless otherwise noted.