Courier bond and security requirements ensure customs compliance and liability for unrecovered duty on goods cleared by authorised couriers. Applicants and Authorised Couriers must execute a bond and furnish security by cash deposit or bank guarantee to ensure compliance with customs law. The ... Summary
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Courier bond and security requirements ensure customs compliance and liability for unrecovered duty on goods cleared by authorised couriers.
Applicants and Authorised Couriers must execute a bond and furnish security by cash deposit or bank guarantee to ensure compliance with customs law. The bond requires payment of unrecovered duty not levied or short-levied, with applicable interest, on goods cleared by the Authorised Courier where recovery from the importer or exporter is not possible. Registered Authorised Couriers and those submitting Form J must provide the prescribed bond and security for each Customs airport from which they transact business.
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