Part 3: Bonds
Bonds
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11m
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 importance of a bond. The verification process for the importer of record is outlined, ensuring the declared importer matches the actual one. The bond transfer process is also discussed, focusing on proper documentation.
#Code of Federal Regulations (CFR) Title 19
#Part 113
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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...
