What are the bond amounts and how are they set?
Continuous Transaction Bond All Continuous Transaction Bond are set by the Revenue Division of the National Finance Center in Indianapolis, Indiana. Monetary Guidelines For Setting Bond Amounts are on the CBP website at http://www.cbp.gov/linkhandler/cgov/toolbox/legal/directives/3510-004.ctt/3510-004.txt. The minimum bond amount for continuous bonds is generally $50,000. For importers, the minimum continuous bond amount is $50,000 or 10 percent of the total taxes and fees paid in the previous 12-month period whichever is greater. Please note that all bond amounts will be rounded up to the next whole dollar amount in multiples of $1,000. Single Entry Bond Single Entry Bond amounts are set by the port director who accepts the bond. The bond amount for a single entry bond generally is not less than the total entered value plus all duties, taxes, and fees. If merchandise is subject to other federal agency requirements or is restricted merchandise, the bond amount set is not less than thre
