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Changes to U.S. in-bond rules

Thursday, March 29, 2012

U.S. Customs and Border Protection published a notice of proposed rulemaking on Feb. 22 that would make substantial changes to the way imported merchandise is transported inland under a bond, enabling the cargo owner to defer payment of duties until it reaches the destination port or is exported. The primary fixes involve making the in-bond process electronic and tightening up procedures to better track merchandise and prevent diversion. In the past, CBP has had difficulty en...

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