Topics / Customs bonds

The bond for a temporary importation under bond (Chapter 98, Subchapter XIII, HTSUS) is generally in an amount equal to:

  1. 110 percent of the value of the merchandise
  2. 10 percent of duties paid in the prior year
  3. Double the duties and fees that would accrue on a consumption entry
  4. The value of the merchandise
Show the answer

C. Double the duties and fees that would accrue on a consumption entry

The TIB bond is generally double the estimated duties and fees, or a larger amount the Center director requires.

Source: 19 CFR 10.31(f)

Want more like this?

A free account gives you a fresh set of practice questions every day, each with its rule and citation.

Start freeMore on customs bonds