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Memorandum D1-7-1
Posting security for transacting bonded operations
2008-10-06
- This memorandum is revised as a result of the Paper Burden Reduction Initiative; the revisions are aimed at eliminating obsolete and duplicated requirements, streamlining certain commercial processes and modifying complex policies and forms.
- In accordance with the above Continuation Certificates, Government of Canada Transfer form (Y76) and letter of credit are no longer required.
- The section on "Canada Customs Multi Purpose Bond" has been removed due to a change in name of the Customs Bond.
- In order to clarify, precise signature requirements for the principal have been incorporated in the D120 Customs Bond.
To obtain the full document in an alternative format, please send a request to: publishing.publications@cbsa-asfc.gc.ca
Full Document: PDF (357 Kb) [help with PDF files]
Last modified: 2008-10-06
Summary
This memorandum outlines and explains general policies and procedures relating to the posting of security for participating in Canada Border Services Agency (CBSA) bonded transactions. A request to participate in a bondable transaction shall be made in writing. Where applicable, the appropriate Agency application form shall be used.
References
| Issuing office | Brokers Licensing and Account Security Programs Licensing, Export, and Accounting Division Admissibility Branch |
| Headquarters file | 7640-0 |
| Legislative references | Customs Act, Section 8, 166 (1) and (2) |
| Other references | Memoranda listed in paragraph 1 of this memorandum. |
| Superseded memoranda D | D1-7-1 dated March 28, 2002 |
