customs bond


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Related to customs bond: performance bond

customs bond

n.
A surety bond that guarantees compliance with certain laws and regulations governing the importation of goods, especially the payment of customs duties.
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It will further improve the efficiency of the Dubai Logistics Corridor, which connects the port, free zone and airport under a unified customs bond, creating one of the most efficient sea-air logistics link in the world.
It further enhances the efficacy of the Dubai Logistics Corridor which links the port, free zone and airport under a unified customs bond, creating one of the most efficient sea -- air logistics link in the world.
Customs Bond Commissionerate is the key functionary to monitor operation of bonded factories, including bond-to-bond transfer,under authority and in accordance with the provisions of the Customs Act, 1969 read with relevant Rules, Standing Orders, Orders etc.
It permits duty free temporary admission of goods into a member country without the need to raise customs bond, payment of duty and fulfillment of other customs formalities in one or number of foreign countries.
Alkhloofi will take the participants through an introduction of Jafza and the key features, including the world-class logistics infrastructure and the world's largest logistics corridor under a single customs bond, comprising Jebel Ali Free Zone, Jebel Ali Port and Al Maktoum International Airport.
The customs bond has been waived and exporters are returning to the US market," he pointed out.
They will certainly have to pay a customs bond when a horse arrives in Australia-even though that can be redeemed if the import is temporary.
It is being catalogued at a secret Customs bond in the city.
Some business travelers hire a customs broker to handle the customs bond paperwork and save them time and money.
The taxpayer contends that the Foreign Commerce Clause, Customs Convention on Containers and Import-export Clause preclude imposition of state sales tax on the lease of instruments of international traffic that enter the United States under Customs bond and are used exclusively in foreign commerce.
It will highlight Dubai's sea-land-air link, which allows the free movement of goods between Jebel Ali Free Zone, Jebel Ali Port, one of the busiest ports in the world, and Al Maktoum International Airport, which is designed to handle 12 million tonnes of freight, within a single customs bond.

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