In-bond movement
Also called: IT · T& E · IE · CBP Form 7512
The US system for moving imported goods under customs bond without paying duty, for example from the port of arrival to an inland port for entry (immediate transportation), through the US to another country (transportation and exportation), or directly back out (immediate exportation). Movements are filed electronically and must close within set time limits.
In practice
Unclosed in-bond movements create liability for the bonded carrier and can trigger penalties.
Applies to: USA
Related terms
- Transit
- A procedure that lets goods move under customs control from one point to another, within a territory or between countries, without paying duties and…
- Customs bond
- A US contract between the importer, a surety company and CBP guaranteeing payment of duties, taxes and penalties and compliance with regulations. A…
- CBP
- The US federal agency within the Department of Homeland Security responsible for customs and border control, including collection of duties,…