CBP Posts April 2008 Statistics on Bond Rejections
U.S. Customs and Border Protection has posted an Excel spreadsheet listing the reject reasons for April 2008 for CBP Form 5106 Importer ID input records, CBP Form 301 Customs bonds, bond applications, bond riders, bond terminations, etc.
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Top Five Rejection Reasons
The top five rejection reasons, along with the number of rejections, for April 2008 were:
| No. of Rejects | Reject Reason |
|---|---|
| 170 | CBP Form 5106 Importer ID Input Record IR05 - Incorrect |
| 159 | CBP Form 301 Customs Bond B10 - Effective Date |
| 88 | Bond Rider R04 - Incorrect |
| 75 | CBP Form 5106 Importer ID Input Record IR02 - Missing CBP 5106 |
| 65 | CBP Form 301 Customs Bond B06 - Principal Address |
Reasons for Bond Rejections
The types of problems detailed in the document include (partial list):
| effective date | principal address |
| title of signer | incomplete |
| surety agent | importer number(s) |
| point of contact information missing | bond amount |
| bond package not legible | execution date |
| 3 digit broker code | alterations/erasures |
| legal description | invalid co-principals |
| invalid users | missing CBP Form 5106 |
(See today's ITT, 08052205, for BP summary of the bond-related issues discussed at the May 2008 COAC meeting, including CBP's development of a database of bond errors.)
Rejects for the Month of April 2008, posted 05/19/08, available at http://www.cbp.gov/linkhandler/cgov/trade/priority_trade/revenue/bonds/pilot_program/bond_reject_stats.ctt/bond_reject_stats.xls.