Activity Code 1a – Drawback Payment Refunds Bond
TRG Underwriting Requirements: Fully
complete bond application form, completed Power-of-attorney form, and most
recent company financial statements.
As with all Customs bonds, should your bond amount
be inadequate according to Customs regulations, Customs will advise the
importer and the surety company to increase the bond amount, and they will give
a reasonable amount of time to do so.
Average of all estimated drawback claims in a 12
month period.
Bond Amount Calculation:
This bond allows an importer to obtain a refund of
99% of the duties paid on imported goods upon providing proof these goods were
exported.
What is an Activity Code 1a - Drawback Payment
Refunds Bond?
TRG writes all kinds of Customs Bonds. Visit our
Quote Calculator to view our rates for any Customs Bond types or
Apply Now and get your quote as you apply.