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Customs Bond

Important piece of documentation to secure your transportation.

Customs Bond: Why & When you require it

Customs bonds also popularly known as carrier bonds are an important piece of documentation to secure your transportation while importing commercial merchandise over $2,500 in to the U.S. This is equally important for all commodities, such as food items and firearm, which are subject to other federal agencies requirements. The custom bond ensures that you will pay all the fees, taxes, and duties owed to the federal government.

One can use a Customs bond issued through the U.S. Customs and Protection, in which case the broker's bond can be used to secure the transaction. Customs bonds are obtained through a surety licensed by the U.S Treasury department; however, there are many brokers available who are agents for sureties. You can obtain these bonds from a listed broker. Check with the U.S. Treasury department website for the detail of a listed agent in your state.

Usually, depending upon the frequency of your import of goods into the US, you may opt between a "single entry" and a "continuous bond". For those required to import goods from various U.S ports of entry, the continuous bond comes out to be economically beneficial.

Who is required to obtain a Customs bond?

Warehouse or Facility Operators

A warehouse or facility operator who wants to become a Customs bonded facility needs to obtain a Customs bond. After becoming a Customs bonded facility, the operator is entitled to store or secure imported or exported goods. Hence, if you are moving forward to becoming a Customs bonded warehouse or facility operator, apply with the port director clearly mentioning the type of warehouse you wish to establish.

International Carriers

International carriers, who transport passengers via air, water or road, into the United States from a foreign destination need to obtain Customs bond. In addition, if you are a domestic carrier, which transports inbound imported cargo from one state to another within the country, you too need to obtain a Customs bond.

Aspiring Customs Brokers

Those who are wishing to serve as a Customs Broker or as an approved gauge or laboratory also need to obtain a Customs Bond.

Obtaining a Customs Bond

A Customs and Border Protection bond can be obtained through a surety licensed by the Treasury department. Alternately, you can take help of AVAAL, who are brokers for sureties and entitled to sell bonds.

AVAAL can guide your business through the regulatory maze and help you get the US and Canada bonds needed to take more lucrative cross-border loads. Our permit consultants can put you on the right path to success. Contact us at 647-943-1304 or authorities@avaal.com.