What Can Customs Bond Agents Do For You?by Samuel C. Customs Advisor
For a common person, ordering a product online and have it received the own residence seems quite easy. But on a broad level, it is quite a hefty work. The merchandisers have no easy job. It’s not only about stocking up the warehouse and putting products in the shelves. For doing the business of international products, the traders need to conquer a tedious procedure of importation into the US. Customs bond agents or brokerage firms facilitate this procedure for different individuals and companies and ensure safe delivery and clearance of goods across all the geographical borders.
So if you might be thinking to import a pack of chocolates from Switzerland to the US and sell it on sizable profit, well it’s not that smooth to become an importer in the country. As an importer, you would need to follow certain rules and regulations for importation.
If you’re fresh in this niche, make sure you take the advice of professional customs bond brokers. Their job is to assist people in making their international transactions through oceans or aeroplane uncomplicated.
How They Become Agents?
Generally, people don’t have knowledge about what goes behind the raw material entering into their origin. But agents who prepare customs surety bond and other documents possess all the details of it.
Role of Customs Bond
Customs bond is required by the CBP for every commercial merchandise valued over $2,500. There can be additional bonds for several goods that come under other federal guidelines. You can’t supply food, arms, or any other hazardous material to the US without following regulations and strict documentation process. The OTI bonds CA are also necessary for ocean freight forwarders to operate as a licensed intermediary between customs and principals (importers).
OTI bonds CA can be purchased through brokers. They apply FMC-18 application form which is available online. You need to pay a certain application fee. As per the total bond amount, you can buy it between $750 and $4000.
What Other Help They Provide?
They assist their clients (importers) to submit necessary information, prepare documents of entering, customs surety bond, and accurate payments to the CBP. They have experience of how to calculate the right amount of bond and how to estimate applicable taxes on the commodities.
How to Hire Them?Check whether they are capable of completing crucial paperwork required by CBP, FDA, and USDA to avoid further issues.
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Created on Apr 24th 2019 02:34. Viewed 243 times.