A term applied to merchandise admitted temporarily into a country without payment of duties, either for storage in a bonded warehouse or for trans-shipment to another point where duties will eventually be imposed. Français: En dépôt Español: Bajo control aduanero
Name for shipments that are cleared through Customs, traveling in a sealed container, to an in bond warehouse. The shipment is then cleared by the Customs Broker prior to delivery.
Goods are held or transported In-Bond under customs control either until import duties or other charges are paid, or to avoid paying the duties or charges until a later date.
The storage or transport of goods in the custody of a warehouse or carrier from whom the goods can be taken only upon payment of taxes or duties to a government agency.
Shipments moving under United States Customs Bond.
This term describes wine which is held in a bonded warehouse, which has not passed through customs in order to officially enter the UK and consequently has not been subject to duty or value added tax (VAT). Once purchased en primeur (usually in case quantities only, although some traders have taken to selling six-packs), wine may be held 'in bond' for a fee, and this is useful if you plan to export the wine or sell on at a later date. If you're like me and tend to drink it rather than sell it, however, in order to get your hands on your wine you will have to pay duty (about £14 per case for still wine, more for sparkling or fortified wine) and then VAT (17.5% on top of the full amount, including duty - which means that you pay tax on the duty as well as the wine) which will significantly increase the amount you have to pay. Always take this into account when buying in bond or en primeur, and don't forget that shipping charges may also be incurred.
shipments moving under U.S. Customs Bond.
A term applied to the status of merchandise admitted provisionally to a country without payment of duties -- either for storage in a bonded warehouse or for trans-shipment to another point, where duties will eventually be imposed.
A procedure under which goods are transported or warehoused under customs supervision until they are either formally entered into the customs territory of the United States and duties paid, or until they are exported from the United States.
Wines that have not had the applicable excise duty paid and are held in a tax-free UK warehouse. Duty must be paid on these wines for them to be removed into free circulation. If wines are exported, no excise duty will be payable.
An import term referring to the status of merchandise that has been temporarily admitted into a country, exempted from Customs clearance and duties. In Bond merchandise is normally held under the supervision of Customs or a bonded warehouseman.
Storage of goods in custody of government/bonded warehouse or carrier from whom goods can be taken only upon payment of taxes/duties to appropriate government agency.
The transportation or storage of goods in a condition or location which is exempt under the customs laws from the payment of customs duties for the time period which is allowed by law for transportation or storage. Transportation or storage in bond may be affected by transportation carriers or warehouses that have posted a bond with customs authorities guaranteeing payment of all customs duties in the event that the goods are improperly released with out the payment of customs duties by the owner of the goods.
As applied to air freight coming into the United States, the term "in Bond" refers to a procedure under U.S. Customs rules where the clearance of cargo is postponed until the cargo reaches an inland Customs point rather than subjecting the cargo to clearance procedures at the first arriving U.S. gateway airport where process might be more time consuming. The procedure is so named because the cargo moves under the carrier's bond (financial liability assured by the carrier) from the gateway airport and remains "In Bond" until Customs releases the cargo at the inland Customs point (airport).
Cargo moving under Customs control where duty has not yet been paid.
Subject to CBSA control, goods can enter Canada "in bond" to an inland CBSA office, sufferance warehouse, or bonded warehouse.
A term, which indicates that an imported shipment was not cleared by Customs at the border, and is moving under a surety bond.
(USA) A procedure under which goods are transported, stored, or handled, prior to clearance and release by customs, and the government's interest is secured by indemnity bonds.