Customs Bonds
A Customs bond ensures that all customs duties, penalties, and charges to U.S. Customs will be paid if the importer does not pay them. To secure U.S. revenue and ensure legal compliance, importers must provide a bond. Most choose a surety bond. Continuous bonds cover all imports for one year, and the bond amount is typically 10% of the previous year's customs duties or a reasonable estimate for the current year, with a minimum of $50,000. USGTG provides various surety bonds from a highly rated carrier, offering competitive rates and minimal underwriting requirements. Single Transaction Bonds are also available for importers who want a bond for each individual import.
