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Customs Bond

$100.00

It is a contract used for guaranteeing that a specific obligation will be fulfilled between customs and an importer for any given import transaction. Its main purpose is to guarantee the payment of import duties and taxes.

Documents Required

  • Offer Letter / Notice of Expiry
  • Latest ACRA Bizfile (within 3 months)
  • Latest Audited Financials
  • Bond Format

Applicable to

  • Bonded Warehouse Operators

Case Study
ABC Warehousing is involved in the Bonded Warehouse business. The average duties on the goods they hold is $5 million a year. The Singapore Customs require them to put up a $5 million guarantee to ensure all duties will be paid. ABC Warehousing buys a Customs Bond to place with Singapore Customs.
Find a Broker
For more information on Customs Bond, please contact us at:

Name : Hellen Sim
Contact : +65 6922 7268
Email : hellensim@awginsurance.com

SKU: SG-09 Category:
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Product Description

It is a contract used for guaranteeing that a specific obligation will be fulfilled between customs and an importer for any given import transaction. Its main purpose is to guarantee the payment of import duties and taxes.

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