Procedure for Obtaining Importer Direct Security The Importer must obtain a Release Prior to Payment of Duties and Taxes Owing bond from a Canadian bank or an approved insurance company. Most multinational insurance brokers can assist with providing bonds. o The amount of security to be posted for Canadian Resident Importers is based on their average monthly duties & taxes owing, less the GST, calculated over a 12 month period o The amount of security to be posted for Non-Resident Importers is based in their average monthly duties & taxes owing, including the GST, calculated over a 12 month period The bond will be sent by the insurance company to the Importer for signatures. The bond must be signed by two duly authorized officers of the Importer, with names and titles, if applicable to your business, and impress the customs bond with the corporate seal. Once signed, the original bond must be sent to DSV Air & Sea Inc., along with the Direct Security letter found on page 3. The Importer must complete the Direct Security Letter on their letterhead o A duly authorized officer of the Importer must sign the letter o If the Importer has previously registered for Importer Direct Security and has a valid account security number, please enter this number on the letter under A/S number. If the Importer does not have an account security number, this can be left blank Scan a copy of the completed letter and the bond to compliancecanada@ca.dsv.com for an initial review. You will be advised if any corrections are required. If no corrections are required, once advised, courier the original bond and Direct Security letter to: DSV Air & Sea Inc. 70 Driver Road, Unit 4 Brampton, ON L6T 5V2 Attn: Imola Elekes Tel: 905-494-5557
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