Triple duty bond requirement now mandates bond for warehoused imports, covering movement and accounting obligations. An importer must execute a triple duty bond at the customs station of import for goods cleared into a warehouse, the bond remaining valid until goods are cleared for home consumption or exported. The bond covers movement from the import station to the warehouse, transfers between warehouses, and the due accounting of goods while stored. The prescribed bond formats have been finalized and supersede earlier bond forms.
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.
Triple duty bond requirement now mandates bond for warehoused imports, covering movement and accounting obligations.
An importer must execute a triple duty bond at the customs station of import for goods cleared into a warehouse, the bond remaining valid until goods are cleared for home consumption or exported. The bond covers movement from the import station to the warehouse, transfers between warehouses, and the due accounting of goods while stored. The prescribed bond formats have been finalized and supersede earlier bond forms.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
