Execution of bonds may be required for duty exemptions; bank guarantees or surety conditions determine compliance. Execution of bonds is required to obtain partial or complete customs duty exemptions; end use or provisional duty bonds must be in prescribed forms and ... Summary
Execution of bonds may be required for duty exemptions; bank guarantees or surety conditions determine compliance.
Execution of bonds is required to obtain partial or complete customs duty exemptions; end use or provisional duty bonds must be in prescribed forms and secured by a Bank Guarantee or other surety. The amount of bond and bank guarantee is determined by Board instructions, notification conditions, or provisions of the Customs Act and related rules and regulations.
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