Our re-export bond services facilitate temporary importations, ensuring cost-effective and compliant re-exportation processes.
Re-Export Bond Services in the Philippines refer to financial guarantees issued by insurance companies or surety providers to ensure that imported goods intended for temporary use or processing will be re-exported within a specified period, as required by the Bureau of Customs (BOC). This bond helps importers avoid paying full import duties and taxes, provided they comply with the re-export conditions.
Re-export bonds are commonly used in industries such as manufacturing, construction, trade exhibitions, and special economic zones (like PEZA zones), where goods are brought into the country temporarily for repair, assembly, processing, or display before being shipped out again.
If the importer fails to re-export the goods within the allowed timeframe or violates the terms of the bond, the BOC can claim the bond amount to cover duties and taxes. Re-export bond services ensure compliance with customs regulations, facilitate smoother international trade transactions, and help businesses reduce financial risks. These bonds are regulated by the Insurance Commission (IC) and the Bureau of Customs (BOC).
Our re-export bond services facilitate temporary importations, ensuring cost-effective and compliant re-exportation processes. These bonds enable businesses to import goods for a limited period without incurring full duties and taxes.
A Re-Export Bond is a customs guarantee required when goods are imported temporarily and will be re-exported within a specific period. It ensures that if the goods are not re-exported as planned, the importer will be responsible for paying the required duties and taxes.
A Re-Export Bond helps businesses avoid paying full import duties and taxes on goods that are not intended for local sale. It also ensures compliance with customs regulations and facilitates a smoother re-exportation process.
At Jill L. Tolentino Customs Brokerage, we specialize in providing expert logistics solutions tailored to help your business thrive. Whether you're importing, exporting, or navigating complex customs regulations, our dedicated team ensures seamless operations and reliable service.
