High Sea Sales & Bonding of Goods

[Guest]

Dear Sir,

We are the importers and want to do HSS to a party . The party has agreed for the HSS. However he wants to Bond the goods in the customs bonded warehouse after the HSS agreement is done and after it reaches the port. Request to confirm , if the HSS can be done and then the buyer can  Bond the goods in the customs bonded warehouse in his name.

[SURESH ASTEKAR]

The buyer is certainly entitled to warehouse the goods after import on HSS.

[Guest]

Thank you sir.

[Raghunandhaanan rvi]

HSS buyer can certainly file into bond bill of entry with customs and bond the cargo in public or private bonded warehouse

AI Summary

High sea sale allows buyer to bond imported goods in a customs warehouse after filing a bond bill of entry. The buyer under a High Sea Sale may file a bond bill of entry with customs and have the imported cargo placed into a bonded warehouse, public or private, in the buyer's name; warehousing after importation on the basis of a high sea sale is an available option and customs bonding procedures are the operative mechanism.