What type of bond contains a condition whereby the bond principal agrees to keep safe any merchandise placed in its custody including, when approved by Customs, repacking and transferring such merchandise when necessary for its safety or preservation?
A) Basic Custodial Bond.
B) Basic Importation and Entry Bond.
C) International Carrier Bond.
D) Repayment of Erroneous Drawback Payment Bond.
E) Commercial gauger and Commercial Laboratory 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: A
Citation: 19 CFR 113.63(b)(2)
[/bg_collapse]