Which of the following is true regarding the release of surety bonds for imported goods?

The correct choice accurately reflects a key principle in the management of surety bonds related to imported goods. Surety bonds serve as a guarantee that the importer will fulfill their obligation to pay duties and comply with regulations. If an importer fails to pay their duties, the bond can indeed be revoked. This action protects the government by ensuring that there is a financial recourse in place if the importer does not meet their responsibilities.

In terms of the other options, they do not hold up under scrutiny. For instance, surety bonds do not have a blanket time limit for automatic release; rather, they remain in effect until the obligations have been fulfilled or the bond is formally canceled. Similarly, surety bonds can be utilized for multiple transactions provided they meet the necessary conditions defined by the bonding agency. Lastly, the use of surety bonds is not contingent upon the condition of the goods. Even if goods are damaged, the bond can still be relevant to ensure compliance with customs duties and any related regulations. Thus, option B stands out as reflecting the essential nature of surety bonds in customs operations.