What is Custom Bonds?
Custom Bonds are guarantees issued to customs authorities to cover import duties and taxes for goods in transit or awaiting clearance, enabling smooth trade operations.
- Mandatory solution for importers and clearing agents
- Open-ended validity
- Fully cash-backed for ease of issuance
- Smooth import and clearance process
- Reduced delays at customs
- Visit a Faulu branch or call your RM
- Submit your import and customs documentation
- Provide the required cash backing
- Bond issued to customs authorities
Importers and licensed clearing agents.
The bond has open-ended validity.
Yes. It is fully cash-backed.