Customs Bonded Carrier: Essential Questions To Ask!
Consider an example where your company imports some goods which are lying at the port. Now you have to pay import duties and taxes on these materials before selling or using them in the local market. This is where the customs bonded carrier comes into play. It can facilitate the flow of your goods by saving your time, money, and effort. Let’s answer some of the most concerned questions below! What is a Bonded Carrier? In simple words, it is a customs authorized carrier that can transport freight through the United States without paying the duty and the customs release while crossing the border. You’ll get clearance by a bond, a permit allowing freight to transit in the US ground. What exactly is a Bond? A Customs Bond is a document that helps prove to the United States government that all the taxes, duties, or fines will be paid to the government as soon as they are required. You may apply this form only in loads with a value of over USD 2,500. Plus, you can acquire it in the US Cu