Importer or Broker Bonds
This bond guarantees your entry paperwork is filed correctly and the appropriate amount of duties, taxes and fees will be paid to Customs. An importer bond, or Activity Code 1, is the most common type of Customs bond.
BOND AMOUNT CALCULATIONS:
Single Transaction – Bond is usually completed for either an amount equal to the value of the merchandise plus the duty, taxes and other fees or, for certain merchandise as determined by U.S. Customs, an amount equal to three (3) times the value of the merchandise.
Continuous – Bond amount is usually equal to 10% of the duty and other import taxes paid in the previous year. The minimum bond amount required by U.S. Customs is $50,000.
Contact Our Surety Bonds Team
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