
Form CB 12 EAST AFRICAN COMMUNITY CUSTOMS BOND for Tra Go


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People also ask
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What does it mean to be bonded by customs?
A Customs bond is a contract between three parties (Customs, a principal (i.e. an importer), and a surety) to ensure that all the duties and fees associated with the rules and regulations of importing or other Customs activities are paid to Customs by the principal.
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How to obtain a customs bond?
In order to secure a customs bond, you (or your customs broker) will have to fill out the proper paperwork and submit it to U.S. Customs and Border Protection (CBP). Once the paperwork is filed, it typically takes two to five business days to receive approval.
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How much does a customs bond cost?
A single entry bond is usually calculated at $5.50 per $1000 of the Bond Amount, or a $55.00 minimum fee .
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What is customs transit bond?
Transit is a regime that enables goods to be transported in bond from one customs office or warehouse to another customs office or warehouse.
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Who issues customs bonds?
You can obtain a U.S. Customs and Border Protection bond through a surety licensed by the U.S. Department of the Treasury. Please visit the Bureau of the Fiscal Service for a list of sureties. Many Customs brokers sell bonds and are also agents for sureties.
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How do I get a customs bond?
In order to secure a customs bond, you (or your customs broker) will have to fill out the proper paperwork and submit it to U.S. Customs and Border Protection (CBP). Once the paperwork is filed, it typically takes two to five business days to receive approval.
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What is a CBP bond type?
There are two main types of customs bonds: a continuous bond and a single-entry bond. The difference between the two centers on how frequently you intend to import goods into the US. As you might expect, the single entry bond would be adequate for importing goods one time.
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How much is a customs bond?
To be eligible for a Continuous Bond, the Bond Amount needs to be minimum $50,000 . The Bond price is then $475 per year. Continuous Bonds are valid for only one year, and every renewal will cost you $475.
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