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Ques 1. In US Customs, what are informal and formal entries? Define and detail as much as possible, highlighting key differences. Ques 2. What is

Ques 1. In US Customs, what are informal and formal entries? Define and detail as much as possible, highlighting key differences.

Ques 2. What is an HS Code? Describe it by definition and give an example of how it is used.

Ques 3. What are the parties of a surety bond? List and Describe.

Ques 4. Describe the significance of the Customs Act.

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