Benefits of Custom Bonded Warehouse

id : 103 Customs   
posted by : Admin
 DOQ : 2020-05-22 08:30:29

Goods can be stored in a Custom Bonded Warehouse up to nine months without having to pay VAT or other custom duties, deferring this cost until it is time for the goods to be removed or sold and reducing the financial burden on the business.

Storage in a bonded warehouse does not mean the goods are inaccessible. You are usually permitted to

- mix,
- divide, and
- pack

stored goods to ready them for marketing, export, or other purposes. Goods intended to be re-exported are entirely exempt from duty payment.

The importer may endorse their warehouse receiptor warehouse bond to sell or transfer the stored goods.

The importer may use the goods stored in a bonded warehouse as collateral for acquiring bank loans – before having

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