Types of Customs Bond in Indonesia – Customs bonds are a crucial part of the import and export process in many countries, including Indonesia. They serve as a guarantee for the payment of import duties and taxes, and ensure compliance with customs regulations. Here are some of the common types of customs bonds in Indonesia:
1. Customs Bond for Temporary Import
This type of bond is used for goods that are imported on a temporary basis. The goods must be re-exported within a certain period, and the bond guarantees that all customs duties will be paid if the goods are not re-exported.
2. The Hold of Incoming Goods Payment (Vooruitslag)
This bond is used when goods are imported and held in a customs warehouse. The bond guarantees that all customs duties will be paid when the goods are released from the warehouse.
3. Enterport Production for Export Purpose and Bonded Zone (EPTE/KABER)
This bond is used for goods that are produced in a bonded zone for export purposes. The bond guarantees that all customs duties will be paid if the goods are not exported.
Read More: How to Know HS Code for Export Goods from Indonesia
4. Customs Bond for Reimport
This bond is used when goods that were previously exported are re-imported into the country. The bond guarantees that all customs duties will be paid on the re-imported goods.
5. Correction of Imported Goods Notice (NOTUL / SPKPBM)
This bond is used when there is a correction to the notice of imported goods. The bond guarantees that all customs duties will be paid based on the corrected notice.
6. Customs Clearance Service Company
This bond is used by companies that provide customs clearance services. The bond guarantees that the company will comply with all customs regulations.
In conclusion, types of Customs Bond in Indonesia play a vital role in ensuring the smooth flow of goods across borders. They provide a financial guarantee to the customs authorities, ensuring that all duties and taxes will be paid and that all customs regulations will be adhered to. Whether you’re an importer, exporter, or a customs clearance service company, understanding the different types of customs bonds can help you navigate the complex world of international trade.
Indonesia Customs website here.
Collection of Indonesia customs consultations here.
Topic: Customs Bond, Import, Export, Indonesia, Temporary Import, Vooruitslag, EPTE/KABER, Reimport, NOTUL/SPKPBM, Customs Clearance Service Company