CUSTOMS BONDS FOR USA IMPORTERS
Clear Your USA Imports Faster with Customs Compliant Bonds
What is a customs import bond?
A customs clearance bond is a type of surety bond that is required by the U.S. Customs and Border Protection (CBP) for certain imports. The bond guarantees that the importer will comply with all applicable customs regulations, including paying all applicable duties and taxes.
The amount of the bond is based on the value of the imported goods. For example, if the value of the goods is $10,000, the bond will be for $10,000.
There are two types of customs clearance bonds: single entry bonds and continuous bonds.
Customs clearance bonds can be obtained from a surety company. The surety company will charge a fee for the bond, which is typically a percentage of the bond amount. If the importer fails to comply with any customs regulations, the CBP can collect the amount of the bond from the surety company. The surety company will then seek reimbursement from the importer.
How is my import bond used?
A continuous import bond is good at any U.S. port and can be used by any Customs Broker or Freight Forwarder you choose to clear your entries. An Importer may only have one continuous import bond on file with U.S. Customs at a time. When a bond is placed, U.S. Customs issues it a unique bond number tying the bond to the company’s Importer Number (aka Tax ID). The broker/FF then files the import documents providing the bond number upon entry. Regardless of where the bond is purchased, it remains a policy of the surety and there is no ownership of this bond by a third party (broker/FF). TRG’s Clients enjoy the freedom of utilizing multiple brokers/FF while purchasing the customs bond direct.
Customs Bond Types
Single Entry Bond
is a one-time Importer Entry Bond for a particular import shipment, which can only be used for one Customs transaction. The bond amount for a single transaction bond is equal to the total entered value of the merchandise plus all duties, taxes, and fees. However, if the merchandise is subject to other government agency requirements or visa/quota requirements, the customs bond amount would be equal to three times of the total entered value.
Continuous Bond
is a self-renewing term Importer Entry Bond, which covers all Customs transactions through all USA ports. 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.
ATA Carnet
An ATA Carnet is an internationally accepted document to aid in the temporarily exportation of commercial samples, professional equipment, and goods for exhibitions and fairs. In order to explicitly follow the obligations of an ATA Carnet, the items must be re-imported back into the U.S. within 12 months and must be re-imported in the same condition in which they left the country.
International Carrier Bond
ensures operators properly manifest all goods and passengers they carry, pay for the overtime services of Customs officers and comply with all regulations related to the
Consumption Entry
Designed for shipments entering the U.S.A. with a value over $2,000 USD.
T&E Entry
Transportation and Export: Goods shipped under U.S. Customs bond from a U.S. Port of Entry to a second U.S. Customs port for export to a third country.
Freightclear import operations specialists are well versed in knowing your HTS codes, classifications and products types. We offer fast and concise customs entries for all USA importers.
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