If you’re importing goods valued at more than $2,500 or over $250 for Chinese goods, you need a Customs Bond. Which ever transportation mode you use – land, sea, or air, the bond must be in place. Furthermore, commodities that fall under government agency restrictions may be subjected to a bond even when the value doesn't exceed the defined minimum value.
For importers who have a registered continuous bond with the CBP, we will automatically synchronize the bond details several minutes after the company profile has been created.
If the bond information is not available when you are filing the ISF/ Entry Summary, you can manually add the bond details and synchronize it through your company profile at a later date.
The principal Customs Bonds are Single Entry and Continuous Bonds. Your choice between the two depends on how often you intend to import merchandise into the U.S.
Single Customs bond is used per ISF/Entry filing, and can not be used for more than one CBP transaction.
This bond is mainly used by one-time importers and is purchased per filing - one single bond for an ISF filing + one single bond for an Entry filing.
A bond that has been used for an ISF or Entry cannot be canceled and refunded.
Continuous (Annual) Bond:
A Continuous Bond covers all import shipments during a 12 months period.
If you import shipments on a regular basis, the Continuous Bond is the best and most cost-effective option for you.
For the Continuous Customs Bond purchase process steps, press here.
The requirements for purchasing a Continuous bond with us are:
- Continuous Customs Bond Application, including:
Type of commodity - a general description of the products.
The main Country Of Origin of the goods.
The estimated value of goods for the next 12 months.
The estimated duties and fees for the next 12 months.
For an explanation on how to calculate the estimated duties and fees for the next 12 months, press here.
You can find full details of pricing here