It refers to a status granted by customs authorities to a warehouse or storage facility that allows imported goods to be stored under customs control without payment of customs duties and taxes until they are released for sale or export.
Customs bonded warehouses are secure facilities that are licensed and regulated by customs authorities, and they are typically used for the storage of high-value or sensitive goods, such as electronics, pharmaceuticals, or luxury goods. Goods can remain in a customs bonded warehouse for an extended period, and during this time, they are subject to customs inspections and regulations.
We can provide a range of services to help importers and exporters manage their goods while in transit. These services may include :
Overall, a customs bonded warehouse is a secure and regulated facility that allows imported goods to be stored under customs control without payment of customs duties and taxes until they are released for sale or export.
