A customs bond is a legal agreement that ensures all necessary duties, taxes, and fees are paid to customs when importing commercial goods. Also known as an import bond, CBP requires this when importing goods valued at over $2,500. Imports that contain goods subject to government regulations by agencies such as the FDA are also required to have a customs bond.
There are a number of situations in which you must utilize an import customs bond. These situations include:
If the merchandise is subject to government agency rules and regulations, the bond amount must be equal to three times the value.