How Much Does A Continuous Customs Bond Cost?

International traders often face difficulties while thinking of customs bond. Maybe as a reader you have different perspective of coming to this article. The time has arrived to start importing goods abroad and it is serious time to know whole story of continuous customs bond if you are planning to transport your cargo to U.S by ocean.

This is a valuable question, how much does a continuous customs bond cost with several answers. Besides from bill of landing and ISF filling as an importer you require to allocate more budgets for customs clearance.

What is a Customs Bond?

Importing merchandise in United States is subjected to bonds, whether you’re doing it with airplanes, ships or truck transportation. 301 customs bond acts like insurance policies if you importing goods with its commercial value exceeding ,500 or items that come in specific category of federal government such as weapons and food.

To bring your shipment at American ports you would require having either Single Entry Bond or Continuous Customs Bond. It is to guarantee payment of duties and taxes levied on your commodity.

What Is A Continuous Customs Bond?

A Continuous Customs Bond is really important of international merchants who need to import commodities more than one time in a year. It is valid for unlimited transactions at US ports and renew automatically after a period of 12 months.

What Is Cost of Continuous Customs Bond And How To Get One?

The price of continuous import bond decided by the calculation of fees, duties and taxes labeled with merchandise you make. The cost of this bond is minimum ,000.

A government-licensed customs broker/insurance company may help you in purchasing continuous customs bond. He will estimate the price correctly and help you through entire procedure until your ship landed to destination successfully. It is more cost-effective than any other bond and always a best option.

Make sure you have consulted an experienced freight forwarder or carrier before making final decision of bond. They always possess better understanding of CBP forms and customs and cognizant of basic changes in rules and regulations.

About This Author

Customs Bonds Joined: November 27th, 2018