A Customs Drawback Bond guarantees full repayment to U.S. Customs and Border Protection of an overpaid drawback as determined by the liquidation of the drawback claim. What is a Drawback Bond? When...
Customs
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Customs Bond Activity Code Guide
There’s an array of activity codes associated with US Customs bonds. The most common bonds are activity code one importer bonds; however, the other types of Customs bonds play a crucial role in...
What is The Automated Commercial Environment (ACE)?
The Automated Commercial Environment (ACE) is a web-based system that the trade community uses to report imports and exports while the government determines admissibility. The ACE Secure Data Portal...
Human Resources for U.S. Importers
Human resources are available to importers who can help make the shipping and entry process easy from start to finish. Importers can often tackle all the necessary tasks involved with the U.S....
Airport Security Bond | Activity Code 11
When operating a business inside an airport behind secure lines, it is necessary to obtain both an airport security bond and a Customs access seal for security reasons. What is an Airport Security...
Why FBA Sellers Should Purchase a Customs Bond
When importing for Amazon, it is essential that you take the initiative to purchase your own Customs bond to avoid liability and likely save money. What is a Customs Bond, and Why do I Need it? A...
8 Things to Know When Importing Wine Into the U.S.
Those shipping wine to the United States will need to work with Customs to get it imported, and there are a few things to know about navigating this. The key to efficiently importing wine into the...
How to File an Importer Security Filing (ISF)
Also known as an Importer Security Filing, submitting an ISF is mandatory for those importing containerized cargo into the United States. What is an ISF? An ISF is required for containerized...
What is an Excise Tax?
An excise tax is a legislated tax on specific goods such as fuel, tobacco, and alcohol. The IRS establishes the amount of this tax, and CBP collects it on its behalf. When importing into the United...
Importing for Amazon | Due Diligence When Choosing a Supplier
FBA shippers need to perform due diligence before selecting a supplier. Performing due diligence can protect buyers from issues like loss and liability. Due diligence is an investigation of a...
What is an Import Penalty?
Inaccurate classification of goods, valuation of goods, country of origin, or goods not invoiced or declared can lead to CBP applying an import penalty on an importer. Import penalties are fines and...
Types of Customs Import Duties
When importing into the United States, shippers should have an understanding of the different types of duties they will be required to pay upon entry. Customs Duties are an indirect tax imposed on...