Bond discharge upon certificate production within the prescribed period; failure triggers forfeiture equal to goods' value. The bond requires production of a certificate from the proper officer at the customs station of transfer or destination within one month or any extended ... Summary
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Bond discharge upon certificate production within the prescribed period; failure triggers forfeiture equal to goods' value.
The bond requires production of a certificate from the proper officer at the customs station of transfer or destination within one month or any extended period allowed; production discharges the bond, while failure to produce the certificate results in forfeiture of an amount equal to the value or market price of the goods for which the certificate is not produced.
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