CUSTOMS BOND
Customs and Excise Bonds are required by the Government of Canada (obligee) from customs brokers, importers, transportation/logistic companies; shippers and others (principals) involved in import/export, transportation and manufacture of goods subject to tariffs, duties and taxes.
In a Customs Bond, the Surety guarantees to the obligee (the Government of Canada) that the principal will comply with the Customs and Transportation Act, and remit certain duties and taxes that will become due and payable.
Customs Bonds provide principals with the opportunity for immediate release from customs of their imported goods prior to financial determination and payment of required tariffs, duties and taxes.
Customs Bonds enable transportation companies to move goods in Canada in a quick and efficient manner.
Examples of Customs Bonds :
| Customs Brokers License Bond | Temporary Importation of Articles Bond |
| Customs Bonded Warehouse Bond | Release of Goods Bond |
| Bonded carriers (highway, air, freight) | Duty-Free Shop Bond |
| Customs sufferance -Warehouse bond | Customs Bonded Warehouse Bond |
U.S. Customs and Transportation Bonds are available for both Canadian and U.S. residents
