11 Prior to release of the merchandise under the Temporary Importation Bond (TIB) procedure, the importer must post a bond in the amount of:
A. Nothing, it is free of duty.
B. The total amount of duties, including fees, which it is estimated would accrue had the articles been entered under an ordinary consumption entry.
C. The amount of taxes and fees only based on the Harmonized Tariff Schedule of the U.S. (HTSUS) article description.
D. Twice the total amount of duties, including fees, which it is estimated would accrue had the articles been entered under an ordinary consumption entry, or such larger amount as the port director deems necessary.
E. $50,000, the minimum amount of a continuous importation bond.
[bg_collapse view=”button-green” color=”#4a4949″ icon=”arrow” expand_text=”Show Answer and Citation” collapse_text=”Hide Answer and Citation” ]
The Answer is: D
Citation: 19 CFR 10.31(f)
[/bg_collapse]