Customs Bonds
A Customs Bond is required for all U.S. commercial import shipments. A Customs Bond primarily is used for guaranteeing payment of import duties and taxes as well as assuring compliance with all laws and regulations governing the entry of merchandise from foreign origins into the U.S.
The bond guarantees the importer will:
- pay duties, taxes and charges in a timely manner
- produce required documentation
- provide examination of merchandise
- redeliver merchandise to Customs
- rectify any non-compliance conditions
The type of bond you need depends upon the volume and nature of the transaction involved. There are Single Entry Bonds for one-time transactions, or Continuous Bonds which covers multiple transactions within a year. Bond rates and requirements vary for each rating code. Global Link Brokerage Services can secure the correct customs bond on your behalf, and provide annual renewals at very affordable prices. The minimum Customs Continuous Annual Bond is for $50,000 which covers each customs entry during the year, based on date of issue. Pricing for issuance of continuous bond may be requested from Global Link Brokerage directly.
Your Global Link Customs Broker:
- is able to negotiate competitive rates for you.
- has knowledge of the correct bond type, rating codes, and underwriting requirements.
- will provide you with a one page application and has the necessary information to promptly process and submit your bond application to Customs.
Return to Brokerage Services Overview |
 |
|
