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Form CB.13 CUSTOMS EAST AFRICAN COMMUNITY GENERAL BOND FOR ENSURING COMPLIANCE WITH CUSTOMS LAWS AND SECURING DUTIES ON GOODS DEPOSITED INTO AN INLAND CONTINER DEPOT (ICD) I/we..?????.????????????????????????????????????.

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How to fill out the Cb 13 Bond online

Filling out the Cb 13 Bond online is a crucial step in ensuring compliance with customs laws. This guide provides clear, step-by-step instructions to help users effectively complete the bond form, facilitating the secure deposit of goods in an Inland Container Depot.

Follow the steps to complete the Cb 13 Bond form online

  1. Press the ‘Get Form’ button to acquire the Cb 13 Bond, which will open in the online editor for you to fill out.
  2. In the first section, input the names of the individuals or entities involved. Ensure accuracy, as this information establishes the parties bound to the agreement.
  3. Next, provide the relevant address details for the principal, which is the person or entity managing the Inland Container Depot (ICD). This should include the full address, ensuring compliance with any required legal specifications.
  4. In this field, state the sum of money you are binding yourself or yourselves to pay the Commissioner. This amount must be clearly specified to avoid any legal complications.
  5. Indicate the date of acknowledgment in the provided field. This should reflect the actual date of signing the form.
  6. Identify the ICD name, its location, and plot number where the goods will be stored. Accurately filling this section is essential for proper identification.
  7. Review and understand the conditions listed regarding duties and obligations. Ensure that you are aware that these conditions must be fulfilled for the bond to remain valid.
  8. Finally, sign the document as required, including the signatures of witnesses and their designations if necessary. This may involve additional fields for their names and addresses.
  9. After filling out the form, utilize the options to save changes, download, print, or share the completed bond as needed.

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A Customs bond is a contract between three parties (Customs, a principal (i.e. an importer), and a surety) to ensure that all the duties and fees associated with the rules and regulations of importing or other Customs activities are paid to Customs by the principal.

CB1 BOND FOR DELIVERY OF PERISHABLE OR OTHER GOODS PRIOR TO PAYMENT OF DUTY.

A Customs bond is a legal contract between a principal (importer or shipper), a Surety company, and CBP that guarantees the importer complies with Customs regulations and that CBP is paid for applicable import duties, taxes, fines and penalties.

The bond simply guarantees that Customs will collect all import duties, taxes, fines or penalties from the surety company, if they cannot collect them from the importer. This is a requirement for payment under dispute where the principal decides to execute a bond (of the amount in dispute) instead of paying in cash.

A Continuous Customs Bond* is valid for one year, and allows goods to be imported into the United States in ance with US Customs and Border Patrol (CBP) requirements.

In most cases, the amount of the bond must be at least 10% of the total duties and taxes paid to CBP annually at a minimum of $50,000. The typical Import bond amount is $50,000. This means that the duties, taxes, fines, and penalties the Insurance/Surety Company will cover within each 1-year bond term is $50,000.

A continuous bond is 10% of duties, taxes and fees paid for the 12 month period. Current bond formulas can be found on .CBP.gov. A single entry bond is generally in an amount not less than the total entered value, plus any duties, taxes and fees.

A Customs bond is a legal contract between a principal (importer or shipper), a Surety company, and CBP that guarantees the importer complies with Customs regulations and that CBP is paid for applicable import duties, taxes, fines and penalties.

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