Using the formula for continuous bond amount: a footwear importer had $1,120,032.64 in duties and $44,368.35 in taxes over 12 months. What is the minimum bond amount?
#2BondsMedium2023
CBP determines a bond is inadequate and issues notice on April 26, 2023. What is the last day to remedy the deficiency?
#3BondsMedium2023
ABC broker holds a continuous bond. An approved name change to an LLC is effective January 1, 2024. CBP’s approval letter is dated October 2, 2023. What is the earliest date the broker may file a rider for the name change?
#4BondsEasy2023
Which of the following is NOT one of the basic importation bond conditions set forth in the regulations?
#5BondsMedium2023
A broker emails CBP a signed bond termination letter dated August 28. CBP receives it on August 29. No termination date is stated in the letter. When is bond termination effective?
#6BondsMedium2022
Whose bond is liable when merchandise is delivered directly to a container station from an importing carrier before merchandise is formally receipted?
#7BondsMedium2022
Which regulation discusses U.S. Customs and Border Protection's (CBP) authority to require Customs bonds?
#8BondsMedium2022
What type of bond is needed to operate as a custodian of bonded merchandise?
#9BondsMedium2022
A bond principal receives written notice from CBP that the bond amount is inadequate. How many days does the principal have to remedy the deficiency?
#10BondsMedium2022
Where in 19 CFR can importer find what information is required on a bond?
#11BondsMedium2022
A basic importation and entry bond must contain all conditions EXCEPT:
#12BondsMedium2021
Any document for which bond/stipulation is given must be delivered within ___ days from CBP notice.
#13BondsMedium2021
Which is TRUE about Customs Bonds?
#14BondsMedium2021
If bond (except free-entry/reduced-duty document bonds) not satisfied after ___ days, matter reported to DOJ for prosecution.
#15BondsMedium2021
To amend actual owner on entry summary, CBP Form ___ must be submitted within 90 days of entry.
#16BondsMedium2021
If CBP bond NOT satisfied and no relief application/protest filed and not for free-entry/reduced-duty docs, how many days until reported to DOJ?
#17BondsMedium2021
Commissioner of CBP may do all EXCEPT:
#18BondsMedium2021
Which is INCORRECT regarding bond effective dates?
#19BondsMedium2019
When identifying information on an active bond changes (e.g., name or address), what must be submitted?
#20BondsMedium2019
If merchandise is transferred directly from the importing carrier to a container station, who is liable under the bond?
#21BondsMedium2019
Which of the following must be a continuous bond EXCEPT:
#22BondsMedium2019
What is mandatory to establish exportation and cancel the export bond for narcotic drugs, equipment, stores, or machinery?
#23BondsMedium2019
Which of the following statements about Customs bonds is TRUE?
#24BondsMedium2019
Which statement about single transaction bonds (STBs) is TRUE?
#25BondsMedium2019
An importer wishes to obtain a continuous bond. Which of the following is NOT required in the application?
#26BondsMedium2019
Goods arrive by truck from Mexico, are placed in a bonded warehouse, and are later entered into U.S. commerce. Each of the following statements is TRUE EXCEPT which one?
#27BondsMedium2018
A drawback exporter’s summary bond must include each of the following conditions EXCEPT:
#28BondsMedium2018
Under 19 CFR Part 113, which of the following statements is FALSE?
#29BondsMedium2018
Under 19 CFR Part 113, a Production of Bill of Lading bond is issued as which type of bond?