Customs continuing bond requires agents to ensure export landing, produce landing certificate or face penalty and recovery. Continuing Bond requires vessel agents and a surety to ensure goods shipped in coasting vessels are duly landed at the destination and to deliver a ... Summary
Customs continuing bond requires agents to ensure export landing, produce landing certificate or face penalty and recovery.
Continuing Bond requires vessel agents and a surety to ensure goods shipped in coasting vessels are duly landed at the destination and to deliver a customs landing certificate or, if demanded, pay a penalty up to twice the value of any unaccounted deficiency; amounts may be recovered under section 142(1) and the bond remains enforceable despite forbearance by customs.
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