SECURITY OR WAREHOUSE BOND

SECURITY OR WAREHOUSE BOND

In some instances, you as an importer may request that you be allowed to put your imported goods on which duties have not been paid, at specified Bonded warehouse(s) and pay the duty involved at a later date. GLICO General by issuing the Security Bond, guarantees that you would pay the duty to GHANA REVENUE […]

In some instances, you as an importer may request that you be allowed to put your imported goods on which duties have not been paid, at specified Bonded warehouse(s) and pay the duty involved at a later date. GLICO General by issuing the Security Bond, guarantees that you would pay the duty to GHANA REVENUE AUTHORITY – CUSTOMS DIVISION and that should you default in the payment of duty on the goods, we shall pay GHANA REVENUE AUTHORITY – CUSTOMS DIVISION, but up to the value of the Bond.

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