Custom Bond
Posted: August 28, 2021
A Customs bond is a legal contract between a principal (importer or shipper), a Surety company, and CBP that guarantees the importer complies with Customs regulations and that CBP is paid for applicable import duties, taxes, fines and penalties. All importers are required to have a bond on file with Customs. A customs bond is a binding contract required by Customs and Border Protection (CBP) for commercial imports valued...