Question: I am working with a company with no import history. The company will have about 20 entries this year. The Continuous Bond formula includes previous year’s import history of duty and taxes. Can it still get a Continuous Bond? ============================= ANSWERS: Yes, it can. ============================= Yes, you can still get a continuous bond. […]
Question: Our company is selling off one of our smaller divisions. Each division has its own IOR suffix listed with CBP and is also listed separately on our import bond. Is it necessary that CBP be notified that this suffix will no longer be active, and to have the IOR suffix removed from our bond? […]
Question: Company A was a partial owner of Company B. Company B was a small volume importer that never had its own import bond and instead either cleared shipments via a courier’s bond. Company A later takes full ownership of Company B, even though Company B still maintains its own unique EIN. While purchase orders […]
Question: I have a question. We have a possible new customer who buys product from us domestically. Our merchandise is imported and up until now I have never heard of such a request. Customer claims they must have an actual copy of our bond, complete with bond number etc for their records or […]
Question: We import freight that is delivered directly to our DC warehouses. Do the warehouses need to be bonded since we are the IOR? Do the overages and damaged need to be kept in a inbond caged area or can the supplies just be separated in an area on the DC floor? […]
Question: Our company was recently purchased. We just received a request from the parent company for information on our Customs Bond status. They are wanting to add us to their Customs Bond. My question is can they add our company to their current bond since we are an incorporated business? **********
Question: Has anyone heard that Customs has started requiring, or will soon begin to require, additional single-entry bonds for bedroom furniture out of Vietnam or Malaysia (b/c of product transshipped from China to avoid anti-dumping fees). Our broker recently mentioned this to us but we had not seen anything about it. Any information on […]
Question: If our corporate address in HOUSTON, and we have other physical manufacturing locations having the same tax number and name, but located in FLORIDA, ALABAMA, TENNESSEE, do all of these physical locations need to be shown on a continuous import bond if they will be importing? All 4 locations have the same tax I.D. […]
Question:Is anyone familiar with obtaining a bond or letter of credit in favor of the USDA for use under the Sugar Containing Products Re-Export Program? Any information you can provide will be helpful. If you are willing to talk with me about this please provide your contact details as well.
Question: A sister company is seeking to become an authorized bonded carrier…. In most cases I wouldn’t at all be interested in what they do (or don’t)because I am not an employee of this related company. However, in thisinstance, if they succeed in becoming an authorized bonded carrier they willbe transporting our goods in bond. […]
Question: The guidelines from our bonding company show that a bond for a warehouse entry is taxes and fees plus two times the duty. I have asked for a citation where that is listed and have not found any. The bonding company stated it was in Directive 3510-004, Monetary Guidelines for Setting Bond Amounts but […]
Question: We do not operate an FTZ nor are we a Bonded Warehouse. However, we do regularly get delivered uncleared (bonded freight – both I.T.s and T&Es) on a regular basis. However I found a Bond Rider on file for a “Custodian of Bonded Merchandise”. Although some of our local staff have told me […]
