US Based Customs Brokers Key Terms

Use US based customs brokers terms to help you forward your business endeavors

Knowing the meaning of US based customs brokers key terms can help you navigate the complicated world of US customs, duties, shipments and taxes. Working with US Based customs brokers will help you navigate international shipping into and out of the US. They can help you with setting up trade negotiations with foreign countries, and they can assist you if you only need to take your merchandise into the country temporarily instead of permanently to sell.

 

Complex entries

Complex entries can include live entries and anti-dumping/countervailing duty entries. Live entries require a visa license from the export company, while anti-dumping/countervailing duty entries require additional customs information.
Try: Learn more about complex entries from UPS.

In-transit bond (IT bond)

In-transit bonds (IT bonds) refer to a vouch from the company representing the shipper that the goods are in transit. This is necessary to help prevent fraud and loss of duty dollars to foreign countries and the US.
Try: Find out more about goods in-transit and in-transit bonds from Intertek.

Single entry bond (SEB)

A Single Entry Bond (SEB) is a one-time bond issued by customs that ensures compliance with United States laws and regulations.
Try: Look at single entry bond information from the Intercom Transport Group.

Duty drawback

A duty drawback is a refund request for all or part of the customs duties or domestic tax paid on imported items that were either manufactured into different things, destroyed or re-exported, making them untaxable.
Try: Learn more about duty drawback from The Law Offices of Countryman & McDaniel.

Warehouse/foreign trade zone fee

The warehouse/foreign trade zone fee is a dollar amount assessed when a customer request is made by the importer to file either a warehouse or a Foreign Trade Zone (FTZ) entry.
Try: Find a wealth of FTZ information and assistance from the Foreign-Trade Zone Resource Center.

NAFTA Processing

NAFTA Processing is special processing to make sure that the North American Free Trade Agreement (NAFTA) paperwork is completed for a shipment in order for it to have reduced tariffs.
Try: Find out more about NAFTA processing from the US Department of Homeland Security.

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