301 Customs Bond

It won't be a scavenger's hunt if one desires to obtain continuous import bond, but knowing the importance of it is vital. When it comes to importing goods into the United States, importers are always recommended to read through important lengthy informat

Do You Need A License To Import Shipment Into United States?

Imported goods have great significance here in the US. Small businesses require precious products to allure customers and expand the business. This marketing spec helps merchants to grow business, and this procedure is the same in almost any country. If you are a new importer, shipping goods into the United States, it is good to be here in this article.

It is important to understand U.S Customs and Border Protection (CBP) rules and regulations before importing or exporting shipment in America.

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Do You Need A License to Import?

Unlike most of the countries, U.S. is one those countries which don’t require a license to import goods in its regions. But still, you need to be aware of some specific requirements and regulations made by CBP.

Some other agencies require a license, customs bonds or certifications for commodity clearance in the country. You may contact these agencies and communities through their official sites, surfing the internet.

Use of CBP Form 301 in Importing                       

Importers have to see a few other factors before importing their goods like taxes, duties and customs bond. The aim to mention CBP Form 301 here is to inform you about its importance. CBP Form 301 is also known as Customs Form CF 301.

It is to acquire Single Entry Bonds and Continuous Customs Bond which are necessary to clear customs. This is the reason why sometimes we refer customs bonds as 301 customs bond. The taxes and duties levied on your goods can be collected by the officials at customs. Customs surety bonds are the documents determine the authority if the cargo is valid to carry into the United States.

Single Entry Bonds

Single Entry Bonds are valid for one-time importation in the US. If you are going to send your cargo once in a year, it is good to have this customs surety bond.

Continuous Customs Bond

A knowledgeable broker can assist you with CBP Form 301 and applying for continuous customs bond. You can use this continuous import bond to cover all shipments you make in a year.

If the commercial value of your goods is more than $2,500, you will need one of these customs bonds. A licensed customs broker can help you explore all new regulations and can apply for entry documents (ISF Filling) and customs surety bond. He can calculate taxes and bond value according to specified rules. They prepare documents and their connections help in successful transportation.

So it is quite clear that businessmen need to contact licensed customs brokers for 301 customs bond or any other type of help. They act as the medium between you and government and handle all necessary works related to importing/exporting.