Glossary entry (derived from question below)
French term or phrase:
Sortie sous régime suspensif
English translation:
release of goods under suspensive customs regime/procedure
French term
Sortie sous régime suspensif
3 +1 | release of goods under suspensive customs regime/procedure | SafeTex |
3 | (suspended-scheme) Release of dutiable goods from bond | Adrian MM. |
Sep 15, 2021 12:01: Yolanda Broad changed "Term asked" from "\"Sortie sous régime suspensif\"" to "Sortie sous régime suspensif"
Sep 19, 2021 04:58: SafeTex Created KOG entry
Proposed translations
release of goods under suspensive customs regime/procedure
(suspended-scheme) Release of dutiable goods from bond
I used to worked in export 'in suspended animation' pre-intro of VAT in the UK, so the suspended scheme never came up on the dockets and other export forms.
Bonded goods and items are released only when the customs authorities have received payment in full. After a defined period, if the payment has not been made, US Customs destroys or otherwise disposes of the bonded products in the shipment.
NSTRUCTIONS ON SUSPENDED VAT (SVAT) SCHEME Registered persons for VAT, but optional VAT payers are not eligible.
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