Guiding the Importer Through the Obstacles of Bond Sufficiency

You’re an importer with regular shipments from your overseas supplier, so your customs broker has filed an Activity Code 1 continuous bond as required by U.S. Customs & Border Protection to secure your entries. Now you’ve received a letter from CBP saying your bond is “insufficient to protect the revenue and insure compliance with Customs and Border Protection laws and regulations.”

The following information will help you understand why it’s so important to act promptly and how to protect your interests and limit your costs.