Transhipment bond discharge requires timely customs certification of goods transfer or production, failing which the secured amount is forfeited. Transhipment bond discharge requires production, within one month or an allowed extension, of a certificate confirming that imported goods were ... Summary
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Transhipment bond discharge requires timely customs certification of goods transfer or production, failing which the secured amount is forfeited.
Transhipment bond discharge requires production, within one month or an allowed extension, of a certificate confirming that imported goods were transferred or produced at the specified customs station of transfer or destination. The certificate must be issued by the proper officer at the relevant station. Production of the certificate discharges the bond. If it is not produced, an amount equal to the value or applicable market price of the goods concerned stands forfeited.
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