Important Tips for the US Customs Bond Verification Process

by Samuel C. Customs Advisor

Importing in the US is a quite complex procedure that may overwhelm and stress a business. International trading is never easy whichever country you look at. But there are thousands of people involve conceding and concluding the process positively. Import clearance requires plenty of documents and verification which is a part of security and also rules and regulations of the U.S. Customs and Border Protection (CBP). Customs bond is an important document when you’re going to import into the US for commercial purposes.

Whether you’re new to importing or have sufficient experience, it’s not going to be a feasible journey to receive goods from foreign countries. However, it can be less complicated if you work with customs brokers who are well-aware of customs surety bond. From the point of loading of goods to the vessel to the second of arrival, the anticipation and anxiety remain the same till you finally get your property.

There are many things you need to consider in order to safely import your commodities. The customs bond verification process involves several procedures including submission of different necessary documents. It’s a better choice to take assistance from the professional customs brokerage firm that is up to date with regulatory matters and industry changes. Here are some crucial tips.

Consider working with a reputable customs broker or firm that deals in similar operations. You can find it online.
The clearance agent will need you to showcase the importer number (tax identification number) to check your bond details in the database.
Your tax identification number can be obtained only by filling out a CBP Form 5106 and submitting it to federal agency CBP.
Once you have this number, the broker can assist you with other documents such as Power of Attorney, Invoice, Purchase Order, Import License (for specific products), Shipping Details, Bill of Entry, Packing List, and Customs Surety Bond.
A broker can calculate the bond amount after knowing the total value of your cargo.
There are two types of customs bonds that cover duties, taxes, and other fees – Single Entry Bond and Continuous Customs Bond.
A broker with surety company/insurance firm can write the bond on behalf of important and guide on how to get one.
Importers should examine the products meticulously before importing and read about the components and ingredients included to make them. This may help you in writing the correct details while applying the bond and further.
Missing or wrong information of the shipment may lead to a long delay in customs clearance or result in heavy penalties and confiscation.
For first-time importers, it is essential to work with brokers as they can let you more about the process and answer several questions.

You should find reputable brokers or freight forwarding a company that works in conjunction with licensed brokers and insurance companies. If you’re importing goods that are subjected to other federal agencies’ requirements such as firearms and animals, you have to obtain other types of bond and permission. For more information on Continuous Customs Bond and Single Transaction Bond, you may browse on Google or contact a broker.