Duty assessment for warehoused imports requires bond-based security at warehousing; duty payable on ex-bond clearance under applicable rate. A distinct Bill of Entry is used for warehousing with the same documentary and assessment requirements as home consumption; duty is assessed at ... Summary
Duty assessment for warehoused imports requires bond-based security at warehousing; duty payable on ex-bond clearance under applicable rate.
A distinct Bill of Entry is used for warehousing with the same documentary and assessment requirements as home consumption; duty is assessed at warehousing to secure liability and is secured by execution of a Bond. Duty is payable only at ex-bond clearance when an Ex-Bond Bill of Entry is filed, and the applicable rate is the rate in-force on the date of filing the Ex-Bond Bill.
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