What is a Customs Bond?valid until: 12 Dec 2020date published: 12 Dec 2019
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 $2,500 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.
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