Customs Transit
Summary of Customs Transit
The condition of merchandise that is transiting the customs territory of a nation without having been released from customs jurisdiction. Goods in customs transit are processed under an in transit entry at the time they enter the United States; the in transit, or I.T., entry is effected by filing with U.S. Customs a permit application specifying the destination and character of the goods, a declaration of value, and other information, as well as a bond or other evidence of financial security for duty and tax obligations. Goods in such status are said to travel in bond.
Customs transit is routinely used for goods in through transit between the port of arrival and an interior point at which customs clearance and re-lease will be effected. For example, goods traveling between Japan and Denver, Colorado, might land at Oakland, California, but travel in bond on to Denver for actual inspection and release. Likewise, it is not uncommon for goods to travel over the territory of the United States from country of origin to some third country, as in the case of Canadian goods traveling to New York to board a ship for Nigeria. In this case, the bond posted for the merchandise upon entry into U.S. territory would be released by documentation evidencing export of the goods.
Read Entry (Customs) as cross-reference.
(Main Author: William J. Miller)
Hierarchical Display of Customs transit
Trade > Tariff policy > EU customs procedure > Customs procedure suspending duties
Transport > Transport policy > Transport policy > Transport under customs control
Customs transit
Concept of Customs transit
See the dictionary definition of Customs transit.
Characteristics of Customs transit
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Resources
Translation of Customs transit
- Spanish: Tránsito aduanero
- French: Transit douanier
- German: Zollgutversand
- Italian: Transito doganale
- Portuguese: Trânsito aduaneiro
- Polish: Tranzyt celny
Thesaurus of Customs transit
Trade > Tariff policy > EU customs procedure > Customs procedure suspending duties > Customs transit
Transport > Transport policy > Transport policy > Transport under customs control > Customs transit
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