D120 E Form PDF Details

The D120 E form, also known as the Customs Bond, plays a pivotal role in the importation and customs processes in Canada, encapsulating the intricate relationship between the governmental mandate for securing goods and the responsibilities shouldered by the importers and their guarantors. This document establishes a legally binding commitment by the "principal" and the "surety" to adhere to the various legislative and regulatory frameworks governing customs activities. Among its key provisions, the form outlines the specific activities to be secured, references relevant legislative authority, and denotes the bond amount required to ensure compliance. Furthermore, it specifies the conditions under which the bond remains valid, including its period of applicability, whether continuous or for a specified timeframe, and underlines the obligation's termination processes and the consequential liabilities. The form mandates the principal's acknowledgment of understanding and agreeing to the terms set forth by relevant Acts, Regulations, and authorities, underscoring the importance of maintaining security for the amount stipulated. The process culminates in the formal execution of the bond, necessitating signatures from both the principal and the surety, thus evidencing their consent and commitment to fulfilling the customs obligations as outlined by the Canadian Border Services Agency (CBSA), thereby ensuring that the importation and customs processes adhere to the established legal and regulatory standards.

QuestionAnswer
Form NameD120 E Form
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other nameshereunder, Sufferance, CBSA, executors

Form Preview Example

Bond No.

CUSTOMS BOND

In accordance with the Acts, Regulations and other authorities governing the customs activity identified below, we, the "principal" and "surety", jointly and severally bind ourselves, our respective heirs, executors, administrators, successors and assigns in the amount stated below unto Her Majesty in right of Canada, her heirs and successors. We, the principal, further acknowledge that we are required to furnish and maintain security in the amount noted.

1.Activity to be secured

Relevant legislative authority

Bond amount

(in words)

 

 

 

 

 

 

 

 

dollars ($

)

 

 

 

 

 

 

 

 

 

 

 

 

 

2. Legislative authorities

 

 

 

 

Customs Brokers Licensing Regulations

Duty Free Shop Regulations

 

 

Transportation of Goods Regulations

Temporary Importation (Tariff Item No. 9993.00.00) Regulations

 

 

Customs Bonded Warehouse Regulation

Accounting for Imported Goods and Payment of Duties Regulations

 

 

Customs Sufferance Warehouse Regulations

Other authorities may be accepted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The condition of the above written obligation is such that, if the obligation imposed by these legislative authorities is well and truly performed, this obligation shall be void and of no effect, but, otherwise, shall be and remain in full force, virtue and effect. Notwithstanding the foregoing, it is understood and agreed that the liability of the surety under this bond shall be limited to the amount stated herein and shall not be cumulative during the existence of this bond.

3.Specify the period of validity of this bond as determined by the relevant Regulations (check one box only) a) Continuous bond — Effective date:

b)

 

Bond for a specified period — Starting on the

 

day of

 

year

 

 

 

 

 

 

 

and terminating on the

 

day of

 

year

 

 

 

 

 

 

 

 

 

 

 

4.It is understood that the above-written obligation shall apply to activities conducted at

5.a) Provided that the surety gives the CBSA office holding the security 30 days notice by registered mail of its intention to terminate the obligation undertaken, this obligation and all liability shall cease insofar as any act or dealing by the principal subsequent to the termination date is concerned, but, otherwise, shall remain in full force and effect.

b)The liability of the principal and of the surety hereunder, shall arise upon receipt by the surety of a written demand from the Canada Border Services Agency (CBSA) containing relevant documentation to substantiate the claim. However, if the principal or the surety provides, within 60 days of the date of such demand, evidence to disprove the claim, then such liability, if any, arises on the date of the notice confirming that the demand is valid. All such demands shall be given to the surety within one year following the date of termination of this bond.

6.Notwithstanding this bond, it is understood that the CBSA may, at any time, as it sees fit, refuse the privileges associated with this bond.

7.In witness whereof, the principal has hereunto set his hand and seal and the surety has caused those present to be sealed with its corporate seal, attested to be the signature of its duly authorized officials, the day and year written below. We the principal further testify that we have read and understand the relevant Acts, Regulations and other authorities indicated herein, and hereby undertake to be strictly governed by the provisions thereof.

Principal (name and address)

Signature and seal

President's name

Signature

Secretary or treasurer's name

Business number

Surety (name and address)

Signature and seal

Name and title

Signature

Name and title

8. Signed, sealed, and delivered in the presence of

(witness for principal, notary public, commissioner of oath or by a lawyer)

9. Dated this

day of

year

D120 E (08)

BSF259 E

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Step 1: The first thing is to press the orange "Get Form Now" button.

Step 2: At this point, you're on the form editing page. You can add text, edit current details, highlight certain words or phrases, place crosses or checks, insert images, sign the template, erase unnecessary fields, etc.

Fill out all of the following parts to create the form:

step 1 to writing attested

Provide the expected particulars in the space Specify the period of validity of, Continuous bond Effective date, Bond for a specified period, and terminating on the, day of, day of, year, year, It is understood that the, a Provided that the surety gives, The liability of the principal and, Notwithstanding this bond it is, In witness whereof the principal, Principal name and address, and Signature and seal.

stage 2 to completing attested

You should identify the necessary details in the Presidents name, Signature, Secretary or treasurers name, Business number, Surety name and address, Signature and seal, Name and title, Signature, Name and title, Signed sealed and delivered in, witness for principal notary, Dated this, day of, year, and D E part.

attested Presidents name, Signature, Secretary or treasurers name, Business number, Surety name and address, Signature and seal, Name and title, Signature, Name and title, Signed sealed and delivered in, witness for principal notary, Dated this, day of, year, and D E fields to fill

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