What is the bond amount required on a temporary importation bond?

The correct answer reflects the requirement for a temporary importation bond, which is designed to secure the payment of duties and fees associated with goods that are temporarily imported into the United States for a specific purpose, such as exhibition or repair.

Specifically, the bond amount required is set at two times the amount of estimated duties and fees, and it does not take into account certain items that may be exempt or excluded from this calculation. This bond ensures that if the goods are not re-exported within the specified period, duties and fees will be covered, providing financial security for customs authorities.

This requirement is important because it protects the U.S. government’s interests while allowing businesses to temporarily use foreign goods in the domestic market without permanently entering those goods into the country's commerce. It creates an incentive for compliance with customs regulations while facilitating international trade and operations.