Waiver of bond requirements generally applies to small value imports, with specific exceptions. Bonds serve as insurance involving surety, principal, and customs. Informal entries support small businesses and personal goods. Customs may waive bonds based on the importer's reputation and compliance. The port/center director can waive bonds under certain conditions, but quota merchandise is excluded. Customs retains authority to impose bonds for national security and other reasons.

#Code of Federal Regulations (CFR) Title 19
#Part 113