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- info@primeinsuranceghana.com
Custom Bond
Custom Bond
Prime Insurance Custom Bonds are issued to clients who for one reason or the other defer the payment of taxes or duties on goods to a later date and as a result, are required by the Customs Division of the Ghana Revenue Authority to submit some form of guarantee or bond to secure the clearing of the said goods. Our Custom Bonds include Re-exportation Bond, Temporary Importation Bond, Removal Bond and Warehouse Bond among others.
Temporary Importation
Sometimes you may need to import goods into Ghana for a fixed period of time before re-exporting these goods to their final destination. Since all goods imported into the country need to be taxed, importers use the Prime Insurance Temporary Importation bond to guarantee that they’ll pay their taxes even if these goods are not re-exported.
Warehousing / Security Bonds
Prime Insurance Warehousing / Security bond is granted to importers whose goods are kept at a licensed bonded warehouse(s), pending payment of their import duties. If the importer defaults or fails to pay customs duties and taxes eligible on these goods at the bonded warehouse, the guarantor will pay Customs these lost duties.
Removal Bonds
Prime Insurance Removal Bonds are guarantees to Customs that, should the goods being removed from a given warehouse(s) not reach their destination, and this leads to a loss of duty to the State, the guarantor will pay this amount to Customs.
Transit Bonds
Prime Insurance Transit Bond is a guarantee given to transporters of imported goods destined for a neighbouring country where the transporter hasn’t paid their customs duties. It covers taxes which will be lost if the goods do not reach the stated destination,
Customs Agents House
Prime Insurance Custom Agents House bond is granted to Clearing Agents as a guarantee to Customs that should their misconduct result in loss of revenue to the state, the guarantor will pay Customs up to the value of the bond.
