2008 April No.52 – BONDS


52. An Importer of wearing apparel decides to establish a new continuous bond. During the previous calendar year, the importer paid $817,543 in duties $41,908 in taxes and fees and imported a total value of $11,860,739. Considering the Importer expects a steady 10% gain in business over the next 5 years, at what minimum amount should the bond limit of liability be fixed?

A. 50000

B. 80000

C. 90000

D. 50000

E. 1200000

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The Answer is: C

Citation: Directive 3510-004 Monetary Guidelines for Setting Bond Amounts

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