What Does $50,000 Customs Bond Represent?

Does it cover import shipments that are valued up to $50K?

A continuous bond is 10% of duties, taxes, and fees paid for the previous 12 month period. $50K is the minimum amount for a continuous import bond and the bond sizes are based on duties, taxes, and fees. A $50K bond amount is sufficient to cover up to $500K in duties, taxes, and fees.

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More Questions about Customs Bonds:

What is a customs bond?

How fast can I get a customs bond?

When is a customs bond required?

How much is a customs bond?

What is a customs continuous bond?

Why do I need to sign a Power of Attorney for a customs bond?

Where can I buy a customs bond?

What can I do about the Section 301 changes?

With Section 301 changes, do I need a line review?