Part 2: Bonds
Bonds
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20m
Customs formal entry requires bonds, with rules for single and continuous types. Cash deposits can replace bonds for anti-dumping duties. It's important to grasp the final order and recognize exemptions for groups like the U.S. government. Quotas influence bond requirements, and superseding bonds protect customs brokers from liability. Filing bonds involves specific forms and a 90-day declaration rule, making knowledge of these regulations essential for compliance.
#Code of Federal Regulations (CFR) Title 19
#Part 113
Up Next in Bonds
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Part 3: Bonds
A licensed customs broker explains merchandise ownership declarations and the filing of CBP Form 3347. The discussion includes necessary forms and exam questions for preparation. Bond requirements for federal government entries and immediate delivery procedures are clarified, emphasizing the impo...
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Part 4: Bonds
Waiver of bond requirements generally applies to small value imports, with specific exceptions. Bonds serve as insurance involving surety, principal, and customs. Informal entries support small businesses and personal goods. Customs may waive bonds based on the importer's reputation and complianc...
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Part 5: Bonds
Customs enforcement operates under the CBP commissioner, focusing on revenue protection through bond requirements. The structure includes directors and specialists who manage duties effectively. Frequent reorganizations aim to improve efficiency. Key aspects include understanding bond requirement...
