BILL OF SUFFERANCE Meaning and
Definition
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A "bill of sufferance" is a legal document that grants permission for goods to be transported or stored in a country without the payment of customs duties or taxes. It is typically issued by the customs authorities of a particular nation and allows the temporary importation or transit of goods under specified conditions.
The bill of sufferance is often used when there is a need to move goods through a country without actually consuming or utilizing them domestically. This may occur in situations such as goods being in transit to another destination, undergoing repairs, or being displayed at an exhibition. By utilizing a bill of sufferance, businesses can temporarily import or transit their goods without incurring additional costs associated with customs duties and taxes.
The document will contain vital information such as the description of the goods, their quantity, value, and the intended purpose. The goods covered by the bill of sufferance are generally subject to strict regulations, and any violation or misuse can result in penalties or seizure of the goods.
It is important to note that a bill of sufferance is a temporary arrangement and usually has a specific time limit assigned to it. Once this time limit expires, the goods must either be removed from the country or undergo the necessary customs procedures, including the payment of any applicable duties and taxes.
