Bonded Warehouse

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Related to Bonded Storage: Bonded goods

Bonded Warehouse

A warehouse in which imports may be stored without payment of tariffs or other duties for a certain period of time. A bonded warehouse provides not only space but also facilities to clean, repackage or even complete the manufacture of the imports. Importers have a given period of time (such as five years) to pay the tariffs and remove the goods from the bonded warehouse. It is called a bonded warehouse because the importer must post a bond to compensate the government if the goods are released without tariff payment. It is also called bonded storage or a bonded terminal. See also: Bonded goods.
References in periodicals archive ?
consolidation, packaging, labeling, assembly, economic processing, bar coding, bonded storage, and distribution.
The Center enables easy service to Chinese manufacturing customers and has bonded storage for spare parts.
In addition to providing blast freezing, bonded storage, packaging and import-export services, three USCS plants in California manufacture and distribute block ice for agricultural use and cubed ice for personal consumption.
The company works with clients to assess the market potential of their offering, then helps them design strategies and action plans, translate product literature, provide e-commerce service and a range of other services including tax-free bonded storage, secure payments in guaranteed and hard currency and guaranteed exhibition space.
Through the warehouse operation, DHL will be able to offer customers a range of value-added services like bonded storage and re-packing, while expanding its air and ocean freight export handling capabilities.
Two drilling rigs and related equipment, which had been shipped from Texas in late December 1996, have been placed in temporary bonded storage awaiting resolution of the matters under discussion.