2020 October No.34 – Bonds


Which of the following is NOT considered a guideline for CBP in determining the sufficient amount of bond?

A. The prior record of the principal in timely payment of duties, taxes, and charges

B. The value and nature of the merchandise involved

C. The degree and type of supervision CBP will exercise over the transaction

D. The number of years the principal has been doing business with CBP

E. The prior record of the principal in honoring bond commitments such as liquidated damages

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The Answer is : D

Citation: 19CFR??113.13(b)

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