A bonded warehouse, also known as a customs warehouse, is a facility authorised by the customs authorities where goods can be stored without the immediate payment of customs duties or import taxes.
These warehouses allow companies to defer payment of customs duties and taxes until the goods are actually placed on the domestic market or exported to another country.
Advantages of bonded warehousing:
Suspension of customs duties and taxes
Customs duties, import taxes and sometimes even VAT are not paid as long as the goods remain in the warehouse.
Secure storage
Bonded warehouses are often under strict surveillance and must comply with specific regulations to ensure the security of the goods stored.
Commercial flexibility
Companies can store imported goods and decide later whether to sell them on the domestic market, export them, or even process them. This allows for more flexible stock management.
Facilitation of international trade
Bonded warehouses are particularly useful for companies actively involved in international trade, as they offer a solution for the temporary storage of goods in transit.
Processing operations
In some cases, goods can be processed or repackaged in the bonded warehouse before being re-exported or introduced into the domestic market.
