Month: July 2016

Paper 301 Bond Form Becoming Obsolete

Customs moved to the eBond process in January 2015 to allow the bond information to be electronically filed with Customs.  There have been a number of positive changes based on the eBond process, such as the speed in which a new bond can be filed and the reduction in paperwork that must be completed.  Thanks … Read more

Listing Multiple Principals on the Same Bond

Occasionally, companies express an interest in listing more than one entity on a bond. In these situations, Customs does allow separately incorporated entities to be listed on the same bond as co-principals as long as the entities each have the same distinct legal status, such as corporations, partnerships or sole proprietorships.  It is important for … Read more