Customs Broker surety bonds secure Government dues arising from negligence or misfeasance and require faithful, incorrupt conduct. Form E under regulation 8 requires an authorised Customs Broker and surety to execute a bond securing Government sums unpaid due to the broker's ... Summary
Customs Broker surety bonds secure Government dues arising from negligence or misfeasance and require faithful, incorrupt conduct.
Form E under regulation 8 requires an authorised Customs Broker and surety to execute a bond securing Government sums unpaid due to the broker's misfeasance or negligence. The bond requires faithful and incorrupt conduct while the broker holds authorisation and remains enforceable unless covered dues are made good by the broker or surety, including their executors or administrators.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.