CBP Posts July 2008 Statistics on Bond Rejections
U.S. Customs and Border Protection has posted an Excel spreadsheet listing the reject reasons for July 2008 for CBP Form 5106 Importer ID input records, CBP Form 301 Customs bonds, 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 July 2008 were:
| No. of Rejects | Reject Reason |
|---|---|
| 183 | CBP Form 5106 Importer ID Input Record IR05 - Incorrect |
| 141 | CBP Form 301 Customs Bond B10 - Effective Date |
| 82 | Bond Rider R04 - Incorrect |
| 67 | CBP Form 5106 Importer ID Input Record IR02 - Missing CBP 5106 |
| 63 | CBP Form 301 Customs Bond B06 - Principal Address |
(Note that the number of rejects for the top five reasons was higher in July than in June and the top reasons for rejects were mostly the same. See ITT's Online Archives or 07/14/08 news, 08071415, for BP summary of June bond reject statistics.)
Reasons for Bond Rejections
The types of problems detailed in the document include (partial list):
| effective date | 3 digit broker code |
| title of signer | importer number(s) |
| surety agent | bond amount |
| point of contact information missing | execution date |
(See ITT's Online Archives or 05/22/08 news, 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 July 2008 (posted 08/26/08) available at http://www.cbp.gov/linkhandler/cgov/trade/priority_trade/revenue/bonds/pilot_program/bond_reject_stats.ctt/bond_reject_stats.xls