TRG writes all sizes of Customs Import Bonds. Visit
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Quote Calculator to view our rates for any Customs
Import Bond amount or
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The minimum Continuous Import Bond amount accepted by CBP is
$50,000. Therefore, if an importer
expects to pay between $0 and $500,000 per year in duties and taxes, they would
file the minimum Continuous Import Bond of $50,000.
Unless stated otherwise by CBP, importers can use
this formula to determine the proper Continuous Import Bond to file:
An importer may file a “Single Entry” Import Bond
or a “Continuous” Import Bond. Single Entry Import Bonds only cover one named
entry. Continuous Import Bonds are filed and remain in effect continuously,
covering all of an importer’s entries, and guaranteeing the payments of
duties/taxes, up to the face value of the bond for each 12 month period. TRG
only writes Continuous Import Bonds as they are significantly more cost
effective than single entry bonds in the vast majority of situations.
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
importer’s behalf.
What is an Activity Code 1 - Customs Import Bond?
Activity Code 1 - Import Bond
TRG Pricing $50,000 Import Bond
1 year $395 2 year $650 3 year $895
What is the difference between a Single Entry Bond
and a Continuous Bond?
How does an importer know what size bond to file?
Estimated Annual Duties and Taxes x 10%