What is a Customs Bond?
A customs bond is a form of insurance to protect the U.S. Treasury in the event an importer fails to pay the duties, taxes, and fines or fees incurred on their imports. Customs bonds are purchased from government-licensed surety companies (financial entities that specialize in these types of bonds).
What is a Continuous Customs Bond?
A continuous customs bond covers all imported shipments for one year from the date of issue. The continuous customs bond does NOT cover the customs clearance entry fee. You will be charged a customs clearance fee for every shipment.
Do I Need a Continuous Customs Bond?
You do not need to purchase a continuous entry bond unless you plan on importing more than once per year, or you’ve imported more than 5 times in the past.