Q: What is a Customs Bond?
A: The Import Bond guarantees that CBP 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 importer’s behalf.
Q: $249 a year for my customs bond sounds like a deal too good to be true … How can you offer such low prices?
A: The average cost for this bond when purchased from a broker is $400-$500 per year.
WE OFFER THE SAME BOND AT AN ANNUAL PREMIUM OF JUST $249.00!
You may be purchasing your current bond through an additional “middleman” (a customs broker or freight forwarder). Your broker purchases the Customs bond through a Surety agent and then marks up the cost and sells it back to you. We are the surety agent so there is no additional mark up. BONDS4CUSTOMS.COM offers the most cost effective source for your continuous US Customs bond needs.
Q: How long will it take to get my customs bond?
A: It takes between 3 to 5 business days to prepare your documents; we’ll email them to you when they’re complete. When we receive your paperwork back we’ll send it to Customs. Customs takes about 2 to 3 business days to approve your bond. Once your customs bond is approved we’ll email you a copy of your bond.
Q: What size of a Customs Import Bond do I need?
A: The minimum continuous import bond is for $50,000. If this is your first year with a customs bond or Customs has not required you to increase your current bond limit then leave it as $50,000. If customs decides you need to increase the bond coverage over time, they will send you a letter. This letter is not a problem, all you have to do is send us the letter and we’ll work on increasing the bond amount. The average cost for a continuous customs bond when purchased from a broker is $400-$500 per year. WE OFFER THE SAME BOND AT AN ANNUAL PREMIUM OF JUST $249.00! BONDS4CUSTOMS.COM offers the most cost effective source for your continuous US Customs bond needs.
Q: What if I want to write the bond for more years? Is there a discount?
A: No, this bond is issued for 1 year. At the end of the year you may renew your customs bond for $249.
Q: Who should be signing for my customs bond?
A: Customs will accept the following titles: President, VP, Treasurer, Secretary, CEO, CFO, and COO. They will accept Member if the company is an LLC, and then they may require a copy of your LLC Operating Agreement or Articles of Incorporation. Customs will accept Owner if the company is a sole proprietorship.
Q: What do I do if I only need an ISF Filing?
A: This $50,000 continuous customs bond includes the ISF filing that customs requires!
Q: What are IR Taxes?
A: These taxes only apply if you are importing alcohol or tobacco products.