Annual Carnet Bonds

Posted on: November 2nd, 2012 • In Bond Type: USCIB - Carnet, Bonds

In our office’s November 3, 2011 newsletter our office included an article on Carnet bonds. As a reminder, the use of a Carnet allows a principal to avoid posting of financial security at the time of entry, eliminates value added taxes (VAT) and simplifies customs procedures. This is done under

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What is a Carnet Bond?

Posted on: November 3rd, 2011 • In Bond Type: USCIB - Carnet, Bonds

The use of a Carnet allows a principal to avoid posting of financial security at the time of entry, eliminates value added taxes (VAT) and simplifies customs procedures. This is done under the premise that the goods being imported will leave the country in the same condition that they were

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