Warehousing conditions for dutiable goods required partial duty deposit, bond execution, and continuing liability for charges and penalties. Conditions for warehousing of specified dutiable goods earlier required the importer to deposit fifty per cent of the assessed duty and execute a bond for twice the balance duty, with interest on that balance, to comply with the Customs Act, rules and regulations, and to pay duties, rent, charges, interest and penalties. Duty paid was adjusted against final liability, and the bond continued despite transfer of the goods, subject to a fresh bond from a transferee.
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Warehousing conditions for dutiable goods required partial duty deposit, bond execution, and continuing liability for charges and penalties.
Conditions for warehousing of specified dutiable goods earlier required the importer to deposit fifty per cent of the assessed duty and execute a bond for twice the balance duty, with interest on that balance, to comply with the Customs Act, rules and regulations, and to pay duties, rent, charges, interest and penalties. Duty paid was adjusted against final liability, and the bond continued despite transfer of the goods, subject to a fresh bond from a transferee.
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