Duty-free import of containers requires a continuity bond securing re-export and covering only the duty element. Duty-free import of containers is conditional on execution of a continuity bond by shipping lines, NVOCCs, steamer agents or authorised representatives, binding them to re-export containers within the temporary import period; the bond covers only the duty element of containers, requires no bank guarantee, may be valid for a year and extendable, and monitoring of the importation period remains manual until an automated matching module is deployed.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Duty-free import of containers requires a continuity bond securing re-export and covering only the duty element.
Duty-free import of containers is conditional on execution of a continuity bond by shipping lines, NVOCCs, steamer agents or authorised representatives, binding them to re-export containers within the temporary import period; the bond covers only the duty element of containers, requires no bank guarantee, may be valid for a year and extendable, and monitoring of the importation period remains manual until an automated matching module is deployed.
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