Goods in Transit

Goods in Transit refer to goods within the customs territory of a country that, under customs supervision, are transported by land, water, or air from the port of entry to the port of exit, ultimately destined for a third country or region, without entering the domestic market for circulation or consumption. Use cases include: transit trade, international multimodal transport, bonded logistics, etc. Precautions: Customs transit procedures must be declared, guarantees or deposits provided, and goods must leave the territory within the prescribed time limit; unauthorized opening, repacking, or sale is prohibited; any damage or loss must be reported promptly. Difference from 'transshipment goods': Transshipment only involves changing the means of transport and remains within the same customs territory; transit crosses customs territories. Difference from 'imported goods': Transit goods are exempt from tariffs and import taxes (unless converted to domestic sale). Difference from 'bonded goods': Bonded goods may be stored, processed, and re-exported, whereas transit goods merely pass through without any processing or trade activities.