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TIB
Temporary In Bond. Posted by the importer to avoid paying duties on freight that is to be re-exported. This arrangement allows foreign goods to enter the U.S. for a limited period of time (six months to three years) without payment of duties. TIBs are commonly used to accommodate goods sent to the U.S. for repair and sample merchandise. If goods are not re-exported, the bond amount is forfeited to the U.S. government.
A U.S. Customs' temporary admission into the U.S.A. under a conditional bond for articles not imported for sale or for sale on approval.
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Sport Dictionary INDEX:
List of Terms: Terms beginning with "A", Page 1 |
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1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 A: Page 1 of 53.
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