BY SUBMITTING A REFUND CLAIM TO THE CBP. THIS PROCESS CAN TAKE UP TO 2 YEARS BEFORE HE SEES ANY MONEY. BUT IF HE IS IN POSSESSION OF A DRAWBACK PAYMENT REFUND BOND, HE/SHE WILL GET 99% OF HIS CLAIM PAID RIGHT AWAY INSTEAD OF WAITING FOR UP TO 2 YEARS
165 SPECIALTY US CUSTOMS BONDS . International Carrier Bond This bond ensures operators properly manifest all goods and passengers they carry, pay for the overtime services of Customs officers and comply with all regulations related to the clearance of their vehicles.
166 SPECIALTY US CUSTOMS BONDS . Temporary Import Bond (TIB). TIB merchandise may be entered (under certain conditions) duty free if goods are in the U.S. on a temporary basis. Instead of paying duty the importer posts a bond for twice the amount of duties and fees If goods do not leave the U.S. within the specified time (or destroyed) the bond is cashed by U.S. Customs
167 SPECIALTY US CUSTOMS BONDS . Immediate Export Bond (I.E.) 1. Issued immediately upon the goods being refused entry into the USA. 2. Used to export merchandise from THE SAME PORT OF ORIGIN 3. Guarantee that the goods will be exported. STOP! YOU MAY NOT ENTER THE USA
168 SPECIALTY US CUSTOMS BONDS . In-Transit Bond (IT Bond): A bond that allows a shipment to be transported or warehoused under U.S. Customs supervision until it is formally entered into the customs territory of the U.S. and duty is paid, or until it is exported from the U.S.
- Summer '20
- International Trade, SPECIALTY US CUSTOMS BONDS