IMPORT TARIFFS - LATEST NEWS & UPDATES
Customs and Border Protection will send out a bond insufficiency notice upon reviewing a continuous customs bond and determining it has exceeded its capacity. A bond amount is typically calculated to equal at least 10% of the total duties a company expects to pay in 12 months of importing. Bonds are required for any import that exceeds $2,500 in value.
The minimum bond size is $50,000, which is sufficient for a business that expects to pay up to $500,000 in duties and related customs fees. Should your company's fees exceed the coverage, CBP issues the insufficiency notice. In the event of rapidly rising tariffs, such notices become more common.
Should you receive a bond insufficiency notice, it's recommended you reach out to a customs brokerage to determine whether the bond can be increased or if it must be terminated and a new bond issued in its place. This will be based on updated calculations of any import fees and duties.
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The Complete Guide to Customs Bond Renewal
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Licensed customs support for importers across a wide range of U.S. entry needs. USA Customs Clearance provides Customs Bonds, Consulting, Customs Brokerage, Manifest Confidentiality, Importer of Record support, and Guides & Resources to help importers prepare for U.S. Customs and Border Protection (CBP) requirements and customs clearance with regulatory compliance, greater clarity, and confidence.
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Important Refund Policy Information
Eligible refunds are subject to a $50 processing fee, which will be deducted from your original purchase amount. Please allow up to 90 days for refunds to be processed, as refunds are handled quarterly by our Accounting Department.
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