Know about taxes and duties

Some countries enforce additional duties and taxes to maintain a balance between international and domestic merchandisers. This allows the local government in collecting more revenue and also protects it from any deception. It sometimes applies to both importer and the person who gets the product. When you do commercial importation to the US, it is important to obtain either continuous import bond or a single transaction bond. These bonds act as surety of taxes, duties, and fines between three parties the CBP, importer, and insurance company that help importer in acquiring relevant bond. The bond amount can be calculated through various online tools or by simply consulting to one the freight forwarding agency.