Any corporation company or individual wishing to import goods into the United

Any corporation company or individual wishing to

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Any corporation, company or individual wishing to import goods into the United States, or engage in other import related activities or operations, is required to post a surety bond or its cash equivalent with the U.S. Customs & Border Protection (CBP). The bond guarantees that the importer will faithfully, and in a timely manner, abide by all laws and regulations governing the importation of merchandise into the commerce of the United States. The bond is not designed or intended to protect the importer (rather it protects the people and government of the United States
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158 U.S. CUSTOMS BONDS Agreement to pay duties, taxes and charges in a timely manner. Agreement to make or complete entry. Agreement to produce documents and evidence. Agreement to redeliver merchandise. Agreement to rectify any non-compliance with provisions for admission. Compliance with special requirements on duty-free entries. Agreement for examination of merchandise. Reimbursement and exoneration of the United States.
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159 PARTIES TO A CUSTOMS BOND There are three parties to a CBP bond: The principal:
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