Curious about what a Customs Bond is and why it’s required by U.S. Customs & Border Protection (CBP)? This session will break it down in simple terms. A Customs Bond acts as a financial guarantee to CBP that duties, taxes, and any potential penalties will be paid. If an importer fails to meet these obligations, the Surety, or bond provider, steps in to cover the cost and then seeks reimbursement from the importer.
With today’s rapidly shifting trade environment, including evolving Trade Remedies and Anti-Dumping cases, it is more important than ever for importers to understand how these changes can impact their bond requirements.
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