The second option is to submit what is known as a “commitment offer”. A transaction offer is a request for CBP to take less than the full value of the seized assets or currency in exchange for avoiding the costs associated with defending a confiscation challenge (either administratively or judicially) and. The lawyer must file a report showing the facts that support the demand for forfeiture and the likelihood of recovery and the amount of money offered (“terms of commitment”) in order for a claim to be compromised. A “transaction offer” is a request in which the Government agrees to stay below the full value of the property in exchange for avoiding the costs of defending a confiscation challenge (either administratively or in court) and the risks of the challenge being successful.
When making a transaction offer, the claimant offers to pay a certain amount of money to CBP as a fine in exchange for the return of the seized property. The importer must demonstrate that he does not have the means to pay by filing previous tax returns, financial statements and bank statements, and must include in the request the full amount of the offer as a commitment payment or the first installment if he intends to pay the amount in installments under a payment plan. Transaction offers filed pursuant to the provisions of section 617 of the Tariff Act of 1930, as amended (19 U.) If you can't pay your customs bill, you may be able to negotiate a deal by making a compromise offer. Yes, the Great Lakes Customs Act will be happy to assist in assessing whether a compromise offer should be made.
When a transaction offer is made, the local CBP office that processes your case transmits it to the CBP headquarters in Washington, D. The transaction offer is the most appropriate in case of doubt or doubtful possibility that CBP will actually recover the full amount of the claim. When a person's money is seized, making a transaction offer may not be an option if you don't have the money needed to make the offer. The amount of the offer must be deposited with Customs in accordance with the provisions of § 161.5 of this chapter.
As a condition for accepting a transaction offer, the offeror may be required to enter into any security agreement or deposit any security deemed necessary for the protection of the interests of the United States.