Continuous Customs Bond

A Continuous Customs Bond, also known as a General Customs Bond, is a financial guarantee required by customs authorities for importers and exporters engaged in international trade. The bond serves as a commitment to comply with customs regulations and fulfill financial obligations related to customs duties, taxes, and other fees. The continuous customs bond remains in effect for a specified period, often a year, and covers multiple import or export transactions during that time. Importers and exporters must obtain a continuous customs bond from an approved surety or insurance company to facilitate smooth customs clearance and avoid delays or penalties.