(NAR) VOL. 6 NO. 1 / JANUARY - MARCH 1995
This practice is fraudulent and a circumvention of our rules and regulations concerning the accreditation of surety companies issuing Customs bonds.
It is therefore directed that only Customs bonds issued by accredited surety companies in the current quarter in 1995 shall be accepted and processed by the Bonds Division. The Chief of the Bonds Division shall monitor the distribution and issuance of Customs bonds of accredited surety companies by indicating the Bureau of Customs control number for each bond before it is processed by the Bonds Examiner.
Violation of this Memorandum shall be dealt with accordingly.
Adopted: 10 Mar. 1995
(SGD.) LICERIO C. EVANGELISTA
Deputy Commissioner