Duty-free import of containers: yearly continuity bonds may be kept alive by written request absent material changes, else fresh bond required. Temporary duty-free importation of durable containers is permitted on execution of a Continuity Bond covering the duty element, valid for one year and extendable; container numbers must be debited on import and credited on re-export without exceeding the bond limit, with additional bonds required for excess imports. Yearly bonds may be kept alive on written request before expiry provided no material changes occurred during the bond currency; absence of such request requires filing a fresh bond, and the renewal facility is not retrospective.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Duty-free import of containers: yearly continuity bonds may be kept alive by written request absent material changes, else fresh bond required.
Temporary duty-free importation of durable containers is permitted on execution of a Continuity Bond covering the duty element, valid for one year and extendable; container numbers must be debited on import and credited on re-export without exceeding the bond limit, with additional bonds required for excess imports. Yearly bonds may be kept alive on written request before expiry provided no material changes occurred during the bond currency; absence of such request requires filing a fresh bond, and the renewal facility is not retrospective.
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