Customs Broker security bond safeguards Government dues arising from broker or employee negligence, including liabilities discovered after cessation. Form D requires a Customs Broker to execute a bond and maintain a security deposit for faithful compliance with the Customs Brokers Licensing Regulations, ... Summary
Customs Broker security bond safeguards Government dues arising from broker or employee negligence, including liabilities discovered after cessation.
Form D requires a Customs Broker to execute a bond and maintain a security deposit for faithful compliance with the Customs Brokers Licensing Regulations, 2018. The security may be applied towards Government dues arising from the broker's or employees' misfeasance or negligence, including unpaid short-collected duty or other charges. The bond and security remain effective for twelve calendar months after the broker ceases to act, covering liabilities discovered after cessation.
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