Customs Transit
Customs Transit
☑️ This element is an expansion of the content of Lawi's courses, guides, tools and other solutions. It offers facts, commentary, and analysis on this topic. Do you like what you read? Can I ask a favor from you? Like and share it with your family and friends so that others can discover it too. If you have been forwarded this element, please subscribe here.
Summary of Customs Transit
The condition of merchandise that is transiting the customs territory of a nation without having been released from customs jurisdiction. Goods in customs transit are processed under an in transit entry at the time they enter the United States; the in transit, or I.T., entry is effected by filing with U.S. Customs a permit application specifying the destination and character of the goods, a declaration of value, and other information, as well as a bond or other evidence of financial security for duty and tax obligations. Goods in such status are said to travel in bond.
Customs transit is routinely used for goods in through transit between the port of arrival and an interior point at which customs clearance and re-lease will be effected. For example, goods traveling between Japan and Denver, Colorado, might land at Oakland, California, but travel in bond on to Denver for actual inspection and release. Likewise, it is not uncommon for goods to travel over the territory of the United States from country of origin to some third country, as in the case of Canadian goods traveling to New York to board a ship for Nigeria
. In this case, the bond posted for the merchandise upon entry into U.S. territory would be released by documentation evidencing export of the goods.
Read Entry (Customs) as cross-reference.
(Main Author: William J. Miller)
Hierarchical Display of Customs transit
Trade > Tariff policy > EU customs procedure > Customs procedure suspending duties
Transport > Transport policy > Transport policy > Transport under customs control
Customs transit
Concept of Customs transit
See the dictionary definition of Customs transit.
Characteristics of Customs transit
Resources
Professional Content and Learning Tools
Lawi offers educational solutions and professional insight, integrating content, tools, and practical technology to promote lifelong learning, personal and professional improvement, and human progress through knowledge. Our collections feature resources and solutions from a wide range of subject areas, from management and finance to law and cybersecurity. This text is only a brief introduction. If you would like us to expand on this content, please let us know in the comments. If you’re finding our platform and newsletters valuable, share it with a colleague or friend, leave a comment and consider subscribing if you haven’t already (thanks!). There are group discounts, gift options, and referral bonuses available.
Translation of Customs transit
Spanish: Tránsito aduanero
French: Transit douanier
German: Zollgutversand
Italian: Transito doganale
Portuguese: Trânsito aduaneiro
Polish: Tranzyt celny
Thesaurus of Customs transit
Trade > Tariff policy > EU customs procedure > Customs procedure suspending duties > Customs transit
Transport > Transport policy > Transport policy > Transport under customs control > Customs transit
See Also
Including similar content viewed by others, in case you missed it: