§ 1.97 - Bonds.

§ 1.97 Bonds.

(a) The bonds required bond requirements under section 801(b) of the act Federal Food, Drug, and Cosmetic Act may be executed satisfied by the owner or consignee executing, on the appropriate form of a customs U.S. Customs and Border Protection form, a single-entry transaction or term continuous bond, containing a condition for the redelivery of the merchandise or any part thereof upon demand of the collector of customs and U.S. Customs and Border Protection and containing a provision for the performance of conditions as may legally be imposed for the relabeling or other action necessary to bring the article into compliance with the act or rendering it other than a food, drug, device, or cosmetic, in such manner as is prescribed for such bond in the customs regulations in force on the date of request for authorization. The bond shall be filed with the collector of customs.

(b) The collector of customs

U.S. Customs and Border Protection.

(b) U.S. Customs and Border Protection may cancel the liability for liquidated damages incurred under the above-mentioned provisions of such a bond, if he U.S. Customs and Border Protection receives an application for relief therefrom, upon the payment of a lesser amount or upon such other terms and conditions as shall be deemed appropriate under the law and in view of the circumstances, but the collector U.S. Customs and Border Protection shall not act under this regulation in any case unless the district Food and Drug Administration division director is in full agreement with the action.

[85 FR 50782, Aug. 18, 2020]