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What is a Customs bond application?
A Customs bond is a legal contract between a principal (importer or shipper), a Surety company, and CBP that guarantees the importer complies with Customs regulations and that CBP is paid for applicable import duties, taxes, fines and penalties.
What is a CBP Form 301?
PAGE 1 CBP FORM 301 Broker Filer Code. Provide a number that identifies the filer of the bond, whether a Customs broker or surety agent or other party authorized to file the bond.
How do I apply for a US Customs bond?
How do I get a Customs bond? You can obtain a U.S. Customs and Border Protection bond through a surety licensed by the U.S. Department of the Treasury. Please visit the Bureau of the Fiscal Service for a list of sureties. For additional information, please visit the CBP website on bonds.
How do you apply for a continuous bond?
BOND APPLICATION When filing a new continuous bond, you must include an application to CBP either in the form of a letter or an application. The information required by CBP, whether in application or letter form, is outlined below. Name and CBP identification number of all parties to the bond.
What is a CBP Form?
CBP Declaration Form 6059B provides us with basic information about who you are and what you are bringing into the United States, such as agricultural and wildlife products and whether or not you have visited a farm prior to traveling to the United States.
How long is a continuous bond good for?
A Continuous Customs Bond* is valid for one year, and allows goods to be imported into the United States in accordance with US Customs and Border Patrol (CBP) requirements.
What is the minimum amount for a continuous bond?
The amount of any CBP bond must not be less than $100, except when the law or regulation expressly provides that a lesser amount may be taken.
How much does a continuous customs bond cost?
What is the Cost of the $50,000 Continuous Customs Bonds? In most cases, customs bonds can be purchase for just $349.00 per year. This includes the single bond ISF filing. This amount can be higher if you are importing items subject to anti-dumping duties, or other specific products deemed higher risk by the surety.
What is a continuous bond application?
What Is a Continuous Bond? A continuous bond is a financial guarantee commonly used in international trade that renews automatically until it is canceled. Continuous bonds do not expire as long as the client makes the required payment for each renewal.
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