The JOC ran an article, entitled “Old idea is new again”, involving importer bonds. We felt it was appropriate to respond and set the record straight. Below please find the article as well as a link to our letter to the editor. Clarifying Importer Bonds – C. A. Shea & Co.’s Response
Journal of Commerce Monday, March 03, 2008 By: R.G. EDMONSON Customs and Border Protection requires importers to post bonds to ensure that the agency will get the duties and penalties it’s owed if the importer fails to pay. Right now, all importers put up 10 percent of their annual import value, but Dan Baldwin, assistant commissioner for … Read more
