General Bond for Security of Customs Revenue corresponds to which code?

General Bond for Security of Customs Revenue corresponds to which code?

• A. CB.10
• B. CB.13
• C. CB.5
• D. C.69

Answer: (A)

The bond that guarantees payment of duties, taxes, and penalties and ensures compliance with customs rules is identified in Bahamas Customs by the code CB.10. This code is the standard designation in the bond schedule for the General Bond for Security of Customs Revenue, meaning it’s the designated form used to secure revenue across multiple shipments or accounts. The other codes correspond to different, more specific bond types, so they don’t match this general revenue-security bond.

The bond that guarantees payment of duties, taxes, and penalties and ensures compliance with customs rules is identified in Bahamas Customs by the code CB.10. This code is the standard designation in the bond schedule for the General Bond for Security of Customs Revenue, meaning it’s the designated form used to secure revenue across multiple shipments or accounts. The other codes correspond to different, more specific bond types, so they don’t match this general revenue-security bond.