Customs Bond for import shipments

Customs bonds are required for all import shipments valued over $2500. Other shipments under $2500 may require a customs bond if the product being imported has special customs requirements. This can be the case for import shipments from China, shipments under the jurisdiction of other government agencies besides Customs and Border Protection (CBP) or anytime US Customs and Border Protection requires a formal entry.

The customs bond is one of several requirements to clear customs for an import shipment.

Customs bonds are required by US Customs and Border Protection to guarantee the payment of duties, fees or penalties applicable to an import shipment. Customs bonds are issued through the customs broker by a surety approved by customs.

In general there are two types of customs bonds: single entry bonds and continuous bonds.

Single entry bonds apply only to one import transaction, continuous entry bonds are valid for one year and apply to most import shipments during that time.

The bond requirement for ocean shipments start with the filing of the ISF. The ISF is the Importer Security Filing required by US Customs and Border Protection for all ocean shipments coming into the US for a foreign country. Most ISF must be filed with it’s corresponding customs bond unless the importer has a continuous bond.

The cost of single entry bonds vary according to the invoice value and harmonized tariff code applicable to the products being imported. The cost of a continuous entry bond varies according to the type of products that will be imported and the estimated duties that will be due during a one year period.

We can process continuous or single entry bonds the same day.

For more information about customs bonds please contact us, we will be happy to assist you.

Customs Bond

August 17, 2015Written by admin

A customs bond is needed for all formal entries. US customs requires a bond to protect the revenue and ensure compliance. Importers must post a bond to make sure that all import rules and regulations will be followed, specially payment of import fees and duties.

There are two main types of entry bonds:

Single entry bonds for ISF and customs entries
Continuous bonds

Single entry bonds are typically issued for importers who have one or two import shipments per year. A single entry bond covers only the ISF or the entry being processed and only at the entry port selected. These types of bonds are usually issued for the value of the shipment plus US customs duties and fees unless OGA are involved in the import shipment.

Continuous bonds are usually issued for frequent importers. Continuous entry bonds apply to all ISFs and entries for an importer at any port of entry and are renewable every year.

An entry bond implies that the importer will pay corresponding duties, taxes, and charges, make complete entry, it assures that the importer will produce any document or evidence required by US customs and that the importer will rectify any non-compliance. The bond is also a guarantee to US customs that the importer will respond to examination requests or any request to re-deliver merchandise conditionally released.

At Doral Customs Brokers we will issue ISF bonds and entry bond at the time of preparing your customs entry. Our goal is to offer you fast, easy and efficient customs clearance for all your import shipments.