Customs bond

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Revision as of 09:51, 4 April 2021 by imported>Doug Williamson (Classify page.)
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Trade finance.

A customs bond is a guarantee supplied by an importer in favour of the a revenue authority, for example HM Customs & Revenue in the UK.

The customs bond is issued by a bank or insurance company in favour of the revenue authority.

It guarantees that the import duty on imported goods will be paid, enabling the business to import and distribute goods before payment of the import duty.


Also known as a customs guarantee.


See also