What is Customs Duty De Minimis Value?
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 usually done by the government to
- Protect, support, and prioritize local businesses from international competitors,
- Control supply and demand of specific products
- Increase local revenue
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A duty is an indirect tax on the value of an imported or exported product.
Your shipment may be chosen for a customs exam when being imported into the U.S..
Customs Exam Fee
A customs exam fee is the fee incurred by the importer if a shipment has to go through a customs exam.
Continuous Customs Bond
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.
CAIN (Customs Assigned Importer Number)
A CAIN is a Customs Assigned Importer Number used for foreign importers.