The continuous import bond is a type of customs bond—a bond that guarantees the U.S. Customs & Border Protection (CBP) that the importer will make good on its payment.
US Customs and Border Protection (CBP) is the law enforcement agency that regulates all goods shipped to the United States. The CBP facilitates lawful trade by inspecting cargo and collecting import duties when necessary.
Customs Duty, also known as Import Duty, is a government-imposed tax commonly found in various countries in the world. It is a fee commonly charged when cross-border eCommerce shipping happens. Taxing shipments that come from foreign countries are ...