Customs bond is mandatory for all imports and it is a type of insurance purchased by importers in order to ensure compliance with customs regulations and to guarantee payment of any potential duties, taxes, and fees owed to the customs authorities. It serves as a guarantee to the government that the importer will fulfill their obligations.
When importing goods into the U.S., we can help importers obtain the bond through a licensed surety company and is typically a percentage of the total import value and the estimated duty liability.
Having a customs bond is essential for importers as it enables them to proceed with customs clearance smoothly and ensures that they fulfill their financial obligations to the government. It provides a level of protection for CBP and helps facilitate trade while maintaining compliance with import regulations.
Contact us today to learn more about Customs bond options.