A terminal that is approved by Customs for the temporary storage of imported goods until the Customs duties have been paid or the goods have been released. Bonds are required to be posted by the terminal operator in order to indemnify the government if the goods are released improperly.
Related information about bonded terminal:
- What is bonded terminal? definition and meaning
Definition of bonded terminal: A terminal that is approved by Customs for the temporary storage of imported goods until the Customs duties have been paid or ...
- Definition of Bonded Terminal
Bonded Terminal -- (USA) A terminal approved by Customs for temporary storage of imported goods until Customs duties are paid or goods released.
- Bonded Terminals - Financial Dictionary - The Free Dictionary
It is also called bonded storage or a bonded terminal. See also: Bonded goods. Want to thank TFD for its existence? Tell a friend about us, add a link to this page ...
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