Khamis, Mei 23, 2013
  facebook twitter rss
   
Text Size

General Bond

Bahagian Perkastaman - Fasilitasi Perdagangan

Rating Pengguna: / 3
Kurang BaikTerbaik 

What Is A General Bond

General bond is a sworn document / oath to adhere to the terms set by the Customs Department in an approved transaction.

Requirement

The general bond is required to ensure that terms stated in a particular application form is adhered to within a certified period. If there is proof that the terms had been violated, the bondholder is required to pay to the department a certain amount of cash agreed as compensation for the breach. This is also to ensure that tax is paid on the goods imported either temporarily or in-transit.


Activities Using General Bond

General Bond is required for the following purposes:

  • To bind delivery / shipping agent with good behavior
  • Vehicle approved by Customs
  • Transportation of in-transit cargo by KTM
  • Temporary import approval given to Malaysia’s Motor Sport Club on vehicles and rally goods as well as to welfare bodies.


Enquiries  

For further clarification, please contact any Customs office or:

Public Relation Unit,
Royal Malaysian Customs Head Office,
Level 7 North, No.3 Persiaran Perdana,
Ministry of Finance Complex,
Precinct 2, Federal Government Administration Center,
62596 Putrajaya, Malaysia.

Tel.: (603) 8882 2413 / 2414
Fax: (603) 8889 5884