Bond for Customs Clearance – ACCB Customs Broker
What is bond clearance? “Bond clearance ” typically refers to the process of clearing goods through customs when a customs bond is involved. When goods arrive at a port of entry, they must go through customs clearance procedures to ensure compliance with import regulations, payment of duties and taxes, and adherence to other applicable laws. If a customs bond is required for the importation of goods, the bond clearance process involves verifying that the necessary bond is in place and meets the requirements set by customs authorities. The customs bond serves as a financial guarantee that the importer will fulfill their obligations, such as paying duties and taxes or complying with specific trade regulations. The bond clearance process may involve submitting relevant documentation, such as the commercial invoice, packing list, bill of lading, and other required paperwork. Customs authorities will review these documents to assess the value, classification, and eligibility of the goods fo...