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TIB stands for Temporary Import Bond (or Temporary Import Under Bond / Entry Type 23) and is a procedure you use when merchandise may be entered into the United States for a limited time period duty free. Instead of paying a duty, the importer posts a bond for twice the amount of duties and taxes that would be owed when the product is imported. Under a TIB, the importer agrees to export or destroy the merchandise within a specified time period. It is important to follow this time period or damages paid result in twice the normal duty amount. |
CBP Form 3495, Application for Exportation of Articles Under Special Bond, is an application for exportation of articles entered under
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temporary bond pursuant to 19 U.S.C. 1202, Chapter 98, sub chapter XIII, Harmonized Tariff Schedule of the United States, and 19 CFR 10.38.
CBP Form 3495 is used by importers to notify CBP that the importer intends to export goods that were subject to a duty exemption based on a temporary stay in this country. It also serves as a permit to export in order to satisfy the importer's obligation to export the same goods and thereby get a duty exemption.
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This form is accessible at: CBP Form 3495 |
The following are the requirements for entering and exporting a TIB.
To Enter:
Commercial invoice
Surety Bond (annual bond on file can be used)
Letter from exporter and importer (reason for importation)
Entry Type 23
Product HTS and additional HTS (9813) are required for Entry Summary
To Exit:
CBP Form 3495
Copy of Entry Summary code 23 (entry type used for importation)
Copy of SED for exportation
Present merchandise at export lot for CBP review and stamp