Customs Bond
Become a Bonded Carrier
Become a bonded carrier with the help of Avaal to secure your transportation. Let our expert permit consultants guide you through U.S. and Canadian Customs Bond requirements.
U.S. & Canadian Bonds
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Customs Bond Guide
What is a Customs Bonds
Customs Bonds also popularly known as carrier bonds are an important piece of documentation to secure your transportation while importing commercial merchandise over $2,500 in to the US. This is equally important for all commodities, such as food items and firearm, which are subject to other federal agencies requirements. The customs bond ensures that you will pay all the fees, taxes, and duties owed to the federal government.
U.S. Customs Bonds
All goods being imported into the U.S. require a Customs Bonds, and without one your goods will be denied entry into the country. The U.S. offers “single entry” and a “continuous customs bond”. For those that are moving goods into the U.S. frequently, a continuous bond might be more economically beneficial.
Single Entry Customs Bonds
For one-time or occasional shipments to the U.S.
Continuous Customs Bonds
More economical for frequent U.S. imports.
Canadian Customs Bonds
Unlike the U.S., a Customs Bonds is not an entry requirement in Canada. Those importing commercial goods can either pay at the border or get a Customs Bonds ahead of time. A Customs Bonds allows your imports to be released into Canada and all duties and taxes will be paid at a later date.
Overview
Why is a customs bond required?
A Customs and Border Protection bond can be obtained through a surety licensed by the Treasury department. Alternately, you can take help of AVAAL, who are brokers for sureties and entitled to sell bonds.
This bond acts as a financial guarantee that all applicable duties, taxes, and fees will be paid to customs, and that the importer will adhere to all relevant trade laws and regulations.
Without a valid customs bond in place, shipments cannot be cleared through customs. This can result in significant delays, additional storage costs, and potential fines or penalties. Customs Bonds are incredibly valuable and can make the importing process for trucking companies smooth and efficient.
A carrier bond can be obtained from a licensed surety, or a customs broker such as AVAAL. Obtaining a Customs Bonds can be a complicated and daunting task, which is why many businesses come to AVAAL for help. We have years of experience and can guide your businesses through the regulation maze to help you get a Canadian or U.S. Customs Bonds.
Why It Matters
Without a valid Customs Bond, your goods can be denied entry into the U.S. and your shipments may face costly delays at the border. AVAAL helps you get compliant fast.
Requirements
Who is Required to be a Bonded Carrier?
Several categories of businesses and operators are required by law to obtain Customs Bonds to operate legally across U.S. and Canadian borders.
Warehouse or Facility Operators
A warehouse or facility operator who wants to become a Customs bonded facility needs to obtain a Customs Bonds.
International Carriers
International carriers, who transport passengers via air, water or road, into the United States from a foreign destination need to obtain Customs Bonds.
Aspiring Customs Brokers
Those who are wishing to serve as a Customs Broker or as an approved gauge or laboratory also need to obtain a Customs Bonds.
Not sure if you need a customs Bonds?
AVAAL’s permit consultants can assess your business operations and advise whether a single entry or continuous customs bonds is the right fit. Contact us at (647) 943-1313 or authorities@avaal.com.