The principal and surety to a basic importation and entry bond agree to pay liquidated damages equal to two times the unpaid duties, taxes and charges estimated to be due or $1,000, whichever is greater, upon default by the principal of which ONE of the following bond agreements?
A. Agreement to deposit, within the time prescribed by law or regulation, any duties, taxes, and charges imposed, or estimated to be due, at the time of release or withdrawal
B. Agreement to redeliver merchandise in a timely manner
C. Agreement to rectify any noncompliance with the provisions of admission
D. Agreement to pay, as demanded by Customs, all additional duties, taxes, and charges subsequently found to be due, legally fixed, and imposed on any entry secured by the bond
E. Agreement to produce documents or evidence in a timely manner
[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 113.62(l)(4)
[/bg_collapse]