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In this video, we discuss the concepts of countervailing duties, the role of a customs broker, ISF (Importer Security Filing), and customs bonds in the context of customs brokerage. Countervailing duties are additional import duties imposed by a country on subsidized goods to level the playing field. A customs broker acts as a liaison between importers and government agencies, ensuring compliance and facilitating smooth customs clearance. ISF is a requirement by US Customs and Border Protection for importers to provide cargo information before it arrives in the US. Customs bonds are financial guarantees that ensure importers fulfill their obligations and cover potential duties, taxes, and fees owed to the government. Understanding these concepts is crucial for importers to navigate the world of customs brokerage and ensure seamless customs clearance.
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Video Disclaimer Here: This educational video is not linked to any US government entity.

00:37 - Customs Broker
02:01 - How are countervailing duties calculated?
02:38 - Importer Security Filing (ISF)
05:06 - Customs Bond.