A clarification on Section 7 of JMO 1-2015 has been issued today stating that there is no need for the SAD to be coursed through the Bonds Division for “charging” or “debiting” after the goods have been received at the destination zone. According to the memo, sufficient security to insure the approved Transshipment Permit’s compliance to GTSB requirements is provided for by Section 7.e. of the JMO. Section 7.e. has established the mechanism to ensure that the amount of bonds posted conforms to the “Minimum Bond” (whichever is higher between 1M and the result of the GTSB computation of 3 months of duties and taxes), and that the GTSB may continue to be used to process transshipment entries only until 30 days before the expiry of its validity. The notification feature of the system and the feedback procedure, on the other hand, will promote early detection and security from diversion of goods from its authorized port of final destination.
Download JMO 1-2015A.