A single entry bond or continuous entry bond must accompany most US customs import declaration entries.
A bond is required by US Customs and Border Protection (CBP) if you are importing merchandise into the U.S. for commercial purposes that are valued over $2,500. A bond is also required for a commodity subject to other federal agencies requirements (OGA) such as FDA (Food and Drug Administration) or FCC (Federal Communications Commission). A bond is required by customs to ensure that all duties, taxes and fees owed to the federal government will be paid.
You have the option of obtaining a “single entry” or “continuous bond”. The type of bond you elect to obtain ultimately depends on how often you import into the U.S. For instance, if you only import on occasion, the single entry bond is recommended. If you import frequently and through various ports of entry, the continuous bond is beneficial and economically the best choice.
A single entry bond is generally in an amount not less than the total entered value, plus any duties, taxes and fees. The minimum amount for a single transaction bond is $100.00.
To download the single entry bond worksheet please click on the link below: