Code of Federal Regulations Title 19. Customs Duties § 19.113.45 Charge for production of a missing document made against a continuous bond

When a continuous bond secures the production of a missing document and the bond is breached by the principal's failure to timely produce that document, the claim for liquidated damages must be in an amount equal to the amount of the single transaction bond that would have been taken had the transaction been covered by a single transaction bond.