Shipping Terms

Commonly Used Terms

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Understand what the shipping terms means

Bonded Goods

Bonded Goods are landed import goods stored under the supervision of customs authorities in bonded warehouses for which the customs duty is yet to be paid. After customs clearance and payment of duty, bonded-goods are released for re-export. It may be released to the importer upon assessment and payment of taxes, import duties, and other charges.

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