Provisional customs bond permits conditional clearance pending documentation, duty adjustment and delivery of a valid import licence. Standard bond enabling provisional assessment and conditional clearance of imported goods; importer undertakes to produce required documents, pay any duty ... Summary
Provisional customs bond permits conditional clearance pending documentation, duty adjustment and delivery of a valid import licence.
Standard bond enabling provisional assessment and conditional clearance of imported goods; importer undertakes to produce required documents, pay any duty shortfall, deliver a valid import licence on demand, and pay any penalty adjudged in lieu of confiscation, failing which the bond remains enforceable and the President may recover the bond sum by statutory recovery procedures.
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