In-Bond Transit
Summary of In-Bond Transit
The movement of goods, without completion of customs formalities, from a point of arrival in the customs territory to a point of exportation or another point for customs examination and release. For example, goods arriving off a ship in Los Angeles might travel in bond to Phoenix for actual customs clearance. The intervening transportation would be performed by a carrier approved and bonded for such purposes.
(Main Author: William J. Miller)
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