A U.S. Customs Bond (CBP Form 301) guarantees to U.S. Customs & Border Protection the payment of any duty, tax or charge and compliance with law or regulation as a result of activity covered by any condition referenced in Section II of CBP Form 301, particularly those related to imports into the U.S. This bond is an alternative to posting cash collateral equal to the bond amount required by U.S. Customs.
Applicants can get either a Single Transaction, or Continuous Customs Bond. As the name implies, single transaction bonds cover import-related activities for a sole transaction, whereas continuous bonds cover all importing transactions that occur while the bond is effective.
The U.S. Customs Bond is required for any importer of goods into the U.S., or anyone partaking in import-related operations. However, there are exceptions where a bond may not be required. Importers should check with U.S. Customs and Border Protection to determine if they’re required to post amount, and if so, for what amount.
Do you need to get a Customs Bond?
LEARN MORE ABOUT U.S. CUSTOMS BONDS
To gain a better understanding of what a Customs Bond is, who needs it, and how much they typically cost, we highly recommend reading our article titled U.S. Customs Bonds Explained.
If you’d like to review a blank copy of the bond, download a copy of the U.S. Customs Bond Form, CBP Form 301.