Continuous Bonds for USA Frequent Importers

Continuous Transaction Bond-is a self-renewing term Importer Entry Bond, which covers all Customs transactions through all ports of the country. The bond amount for a continuous bond is determined by taking multiples of $10,000 nearest 10% of duties, taxes and fees paid by an importer during the last calendar year. The minimum continuous bond amount is $50,000. This customs bond is valid until it is terminated by the principal or the surety.

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What is a Surety Bond?

U.S. Customs and Border Protection requires that an importer purchase a surety bond to ensure it will pay the required duties and taxes when importing an item. A bond is like an insurance policy that guarantees payment to U.S. Customs and Border Protection (CBP) if a required act is not performed. Surety bonds can be purchased through Scarbrough, regardless if we clear the goods or not.

Bonds have a number of uses in CBP. The most common use allows importers to take possession of their goods before all CBP formalities are completed. Another common use allows a carrier to move goods under bond from one place to another before those goods are actually entered for consumption with duties paid.

Customs Compliance”

We help your company stay in compliance with all US Customs rules, saving you time and money along the way.

Last Mile Logistics”

From port or airport to your door, we coordinate timely and efficient last mile delivery solutions for you.

CUSTOMS BONDS & CLEARANCE SERVICES FOR USA IMPORTERS

CUSTOMS CLEARANCE

DUTY DRAWBACKS”

LINE RELEASE ENTRY

CUSTOMS COMPLIANCE

INFORMAL/FORMAL ENTRY

REMOTE LOCATION FILING

IMPORT QUOTES IN 3 EASY STEPS