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.