
A term applied to the status of merchandise admitted provisionally to a country without payment of duties -- either for storage in a bonded warehouse or for trans-shipment to another point, where duties will eventually by imposed.
Found on
http://www.lectlaw.com/def/i017.htm

Goods are held or transported In-Bond under customs control either until import duties or other charges are paid, or to avoid paying the duties or charges until a later date.
Found on
https://scmedu.org/inbond/
No exact match found.