What types of bonds are there under Customs?
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- CB6 – General Bond for Security of Warehoused Goods
- Regional Customs Transit Guarantee (RCTG –Transit bond designed to protect revenue on goods in transit under Customs seals in the COMESA region.
- CB10 – Bond covering temporarily imported goods (Section 117 EACCMA) & (Reg 132 EACCMR,2010); goods imported for temporary use or purpose which include the following;
- Goods/stage properties imported for local exhibition or entertainment,
- Goods imported solely for renovation or repair,
- Project equipment intended for a temporary use in the Country.
- Touring promotional material which are not prohibited, and any others as the Commissioner may authorize.
- Free Zones/EPZ Bonds: An EPZ Sect. 34(1)(e), Sec 160 (MUBS), Reg. 169-204 bond covers and secures Customs revenue on goods entered in Free Zones/Export processing zones until the final products are exported. It covers taxes on items including; transit of merchandise into Free zones and EPZs for operations such as storage, exhibition, assembly, manufacturing, and processing etc.Â
