A customs bond is a legal contract between an importer, a surety company, and the Customs and Border Protection (CBP). It guarantees that the importer will comply with all applicable customs regulations, and that CBP will be paid for any import duties, taxes, fines, or penalties that may be applied.
Customs bonds are required for all commercial imports valued at $2,500 or more, even if the shipment is duty-free. There are two basic types of customs bonds:
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