Customs and Border Protection Border Patrol Agent (CBP BPA) Practice Exam 2025 - Free Border Patrol Practice Questions and Study Guide

The correct answer is that a formal entry is indeed supported by a bond and is specifically used for goods being imported for resale that are valued over $2,500. This process requires more detailed documentation compared to informal entries, as it provides more comprehensive oversight and compliance with U.S. Customs and Border Protection regulations.

Formal entries are important for ensuring that appropriate duties and taxes are calculated correctly on higher-value imports, thereby aiding in the enforcement of trade laws. The bond acts as a financial guarantee that the importer will comply with customs regulations, including the payment of duties.

In contrast, informal entries are typically used for goods valued under $2,500 and have less stringent requirements; they do not require a bond. Exempt entries refer to specific scenarios where tariffs or duties may not apply, and temporary entries involve goods that are imported for a specific purpose and are intended to be exported again without substantial alteration. Each of these categories has its own regulations and requirements, which helps to clearly delineate the formal entry's significance in the customs process for higher-value items.