General Order (GO)

What is ‘General Order – GO’

A status given to imported goods that are missing the proper documentation or are not quickly cleared through customs. Merchandise may be held under general order if the proper duties or taxes are not paid, or if the owner fails to complete the required customs paperwork. Goods will be held under general order if they remain uncleared for more than 15 days.

Explaining ‘General Order – GO’

After 15 days, any general order merchandise will be moved to a bonded warehouse. The risk of transportation and storage of the goods remains with the owner of the merchandise. If the goods remain under general order for more than six months, the merchandise will be put up for auction or confiscated by the government.

Further Reading

  • Testing trade-off and pecking order theories financing SMEs – [PDF]
  • Corporate financial patterns in industrializing economies: A comparative international study – [PDF]
  • The interrelations of finance and economics: Theoretical perspectives – [PDF]
  • Thermodynamic analogies in economics and finance: instability of markets – [PDF]
  • The economics of small business finance: The roles of private equity and debt markets in the financial growth cycle – [PDF]
  • Non‐Gaussian Ornstein–Uhlenbeck‐based models and some of their uses in financial economics – [PDF]
  • Money, prices and finance in the new monetary economics – [PDF]
  • The application of continuous-time random walks in finance and economics – [PDF]