Foreign transit bond secures carrier liability for manifest discrepancies, unaccounted goods, restricted-goods loss, penalties and statutory recovery.

An authorised carrier seeking permission to transit coastal goods through foreign territory must execute a bond linked to the Departure Manifest. Liability arises if returned containers differ from the declared description, contents are wrongly described, goods are not satisfactorily accounted for, or export-duty or restricted goods are lost in transit. The carrier must pay the value of the goods and any penalty imposed under the Customs Act, 1962, and outstanding amounts may be recovered under the statutory recovery mechanism.

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