What are customs bonds and why you should choose customs surety bond?
The customs bonds can appeal you most if you ship frequently. Customs bonds are simply commitments between customs (U.S Customs and Border Protection – CBP) and the importer which contains important agreements of taxes and import duties . It is kind of contract that fulfills few of the importer’s duties. What are Customs Bonds? If you want to import some goods in US, a customs surety bond is really necessary because it makes the process easy, especially when someone imports goods for commercial purpose. It is government authorized bond that gives you permission to import/export something. There are two types of bonds – Single Entry Customs Bonds and Continuous Import Bond . Without customs bonds, your goods will not be accepted in U.S. Single Entry Customs Bonds Single Entry Bonds or Single Transaction Bonds are the bonds which you can use for only one import shipment. If you plan to import a container with its commercial value in excess $2,500, you would be able to p...
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