October 2020 (AM) — Question 34
Which of the following is NOT considered a guideline for CBP in determining the sufficient amount of bond?
- AThe prior record of the principal in timely payment of duties, taxes, and charges
- BThe value and nature of the merchandise involved
- CThe degree and type of supervision CBP will exercise over the transaction
- DThe number of years the principal has been doing business with CBP✓ CBP's answer
- EThe prior record of the principal in honoring bond commitments such as liquidated damages
CBP's cited authority
§ 19CFR§113.13(b)
Answer and citations as published in CBP's official answer key for the October 2020 (AM) examination.
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