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An in-bond container is a cargo or a shipment process where the carrier is allowed or authorized to ship through a country’s entry and exit points without paying taxes and duties or being processed by customs authorities.
This process is common or mainly associated with containers in international trade. It authorizes a shipment destined for another country to go through a country’s port without undergoing the customs process. However, the transporter should post a customs bond to access or use the In-Bond process. The bond guarantees the responsible party will pay the cargo taxes and duties at the final destination or after leaving the customs territory.
