Understanding Customs Bonds for Importers
A customs bond is required for all formal import entries into the United States. U.S. Customs and Border Protection (CBP) requires customs entry bonds to protect their revenue and ensure compliance with import regulations. By securing an entry bond, importers guarantee that all duties, taxes, and fees will be paid and that they will adhere to CBP regulations.
Types of Customs Bonds
There are two main types of customs bonds:
1. Single Entry Bond
A single entry bond is ideal for importers with occasional shipments—typically one or two per year. This type of bond covers only a specific import entry or Importer Security Filing (ISF) and applies only to the designated port of entry. The bond amount generally equals the shipment’s value plus estimated U.S. customs duties and fees. If a Partner Government Agency (PGA) such as the FDA or USDA is involved, additional bond coverage may be required.
2. Continuous Bond
A continuous customs bond is designed for frequent importers who have multiple shipments throughout the year. Unlike a single entry bond, a continuous bond covers all ISFs and entries at any U.S. port of entry and remains valid for 12 months, automatically renewing each year. This option is more cost-effective for businesses that import regularly.
The Role of a Customs Bond
A customs bond serves as a guarantee that the importer will:
- Pay all applicable duties, taxes, and fees.
- Submit complete and accurate entry documentation.
- Provide any requested documents or evidence to U.S. Customs.
- Comply with CBP regulations, including responding to examination requests.
- Re-deliver conditionally released merchandise if required.
Get Your Customs Bond with Doral Customs Brokers
At Doral Customs Brokers, we provide both ISF bonds and entry bonds as part of our comprehensive customs clearance services. Whether you need a single entry bond or a continuous customs bond, we ensure a seamless and efficient import process. Our goal is to help you clear your shipments quickly and hassle-free.