US Customs Import Bond
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customs import bond
Most Customs bonds filed are Activity Code 1 - Import 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 they will collect all import duties, taxes, fines or penalties, if not from the importer then from the insurance/surety company who issued the bond. In addition, the bond indemnifies the insurance/surety company, allowing the insurance/surety company to make any legal attempt to recover from the importer all monies that were paid on the importers behalf.
Typically in the past, Customs bonds were purchased and renewed yearly through a Customs broker/FF. Your broker/FF purchases this bond on your behalf and then sells it to you with an additional mark-up. TRG offers your company an alternative when renewing your bond this year. We offer excellent service and direct pricing.
$50,000 importer bond rates: (No additional fees)
1 year coverage - $300
2 year coverage - $525
3 year coverage - $750 (Best Value $250/year)
Please note renewals will be billed at our standard rates, currently our standard rates are: 1 year $395, 2 year $650, 3 year $895 ($298.33/year)