BILL OF SIGHT Meaning and
Definition
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A bill of sight is a legal document used in the customs and shipping industry to provide a temporary assessment of the value and description of imported goods when the full information is not available at the time of arrival. It serves as a provisional declaration made by the importer or the agent acting on their behalf to the customs authority.
The purpose of a bill of sight is to allow the goods to be inspected and released from customs while awaiting further information necessary for the proper valuation and classification of the goods. This may occur when the packaging is damaged, the goods are in transit, or when the documents required for the complete declaration are missing or incomplete.
The bill of sight includes a description of the goods, their quantity, and an estimate of their value. It may also specify the reasons for the incomplete declaration. The document is signed by the importer or their representative, and it serves as an acknowledgment of the need for additional information to be provided within a specified time frame.
Upon the submission of a bill of sight, goods can be released from customs, allowing the importer to take possession of them while the necessary documentation is obtained. Failure to provide the required information within the specified time may result in penalties or further examination of the goods by the customs authority.
In summary, a bill of sight is a temporary declaration made to customs when the complete information regarding imported goods is not immediately available, enabling their release while the necessary documentation is gathered.
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