What is a duty rate?
The duty rate assigned to a commodity dictates the percentage of the good’s value that the importer of record will owe in Customs taxes. Prior to purchasing goods from overseas, it’s in the importer’s best interest to have a measurement of the amount of duty that will be paid to U.S. Customs annually. The size of the U.S. Customs bond will be determined by the amount of duty paid by the importer each year. TRG is a direct provider of U.S. Customs bonds. TRG Bond™ can seamlessly assist you in placing a new bond or replacing your current bond for half the cost than other providers.
