„Warehouse, U.S. Customs Bonded“

What does Warehouse, U.S. Customs Bonded stand for?

(USA) A privately owned and operated warehouse which has posted bond and has been approved by U. S. Customs where goods remain until duty has been collected from the importer.

Source:

Bublick, Richard D. (2010). “U.S. Customs: A Practitioner’s Guide to Principles, Processes, and Procedures”. Chicago, IL: American Bar Association. p. 63.

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