Placed under, or covered by, a bond, as for the payment of duties, or for conformity to certain regulations.
This means that certain imported goods are stored under customs' charge viz. customs seal either until the import duties due are paid or until re-export of the goods. E.g.: 1. Bonded goods, 2. Bonded store, 3. Bonded warehouse.
The action of storing goods where imported duties are not yet paid to the Customs. Such action involves: Bonded goods - a general term referring to those goods which duties have not been paid Bonded store - a location on a vessel where bonded goods are stored till the vessel leaves the port Bonded warehouse - a warehouse used to store bonded goods
Goods stored by customs until the import duties are paid or the goods are exported.
is a whiskey of 100 proof (50% in volume) coming from a single distillery and produced in one year, aged in a customs store under the government control. Once this gave to the distilleries a double advantage: to use the customs store that had a fitter temperature for the aging and above all to pay the excise only when bottled. The term "bottled in bond" today is still used, but it is an error to consider of superior quality.
Goods that are stored under the supervision of customs until they are cleared and all import duties are paid.
The storage of certain goods under charge of customs viz. customs seal until the import duties are paid or until the goods are taken out of the country. 1. Bonded warehouse (place where goods can be placed under bond). 2. Bonded store (place on a vessel where goods are placed behind seal until the time that the vessel leaves the port or country again). 3. Bonded goods (dutiable goods upon which duties have not been paid i.e. goods in transit or warehoused pending customs clearance).
(USA) This term refers to goods which are held, stored or transported under circumstances where applicable duty or taxes have not yet been definitely determined or paid, and admissibility has not yet been arranged. Bonds must be posted by those who are responsible for the goods during this period (the carriers, warehouses, and/or importers) to indemnify the government if the goods are released improperly.