Import Customs Bonds
Customs & Border Protection (CBP) requires all importers to file an Import Bond in order to clear their entries, even if the goods are “duty free”. The Import Bond guarantees CBP will collect all import duties, taxes, fines or penalties.
An importer may file a “Single Entry Import Bond” or “Continuous Import Bond”. Single Entry Import Bond only covers one named entry. Continuous Import Bond covers all importers’ entries and guaranteeing the payment of duties and taxes, up to the face value of bond for each 12 months period.
East-West Associates, Inc. only file Continuous Import Bonds as they are significantly more cost effective than Single Entry Bond in vast majority of situations. Please contact us for more information.