Bonded Warehouse


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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 ?
change of ownership) to the product does not occur until inspection and testing has been completed inside the bonded warehouse or foreign trade zone and the buyer is satisfied with the quality.
Despite imperfections, the bonded warehouse law and other changes show that Brazil is making an effort to make trade easier.
STEP INSIDE One of the fitted kitchens OLD MEETS NEW The restored, refurbished and impressive former bonded warehouse, left, and the new-build apartments which make up Hanover Mill, just a few minutes' walk from Newcastle city centre
This now gives us an opportunity to import direct from the world's leading producers, while our own on-site temperaturecontrolled bonded warehouse enables us to hold large stocks on the spot in ideal conditions.
FedEx Express, a subsidiary of FedEx Corp (NYSE:FDX), announced on Friday that it has completed two significant infrastructure projects: the expansion of its European Hub at Paris' Charles de Gaulle Airport and the expansion of its bonded warehouse at Guadalajara International Airport in Jalisco, Mexico.
The building has been empty for some time and there have been various plans for it, including as a bonded warehouse.
30am, will be held on Saturday, June 21, setting off and finishing at the Bonded Warehouse in Stourbridge and the route will be filled with clues
Operation Stockade was an investigation into the removal of 'duty suspended' beers, wines and spirits from the Fort Patrick bonded warehouse in Ipswich, Suffolk, on the pretence of their being lawfully transported overseas, mainly to other bonded warehouses within the EU.
He switched cases with coloured water at a bonded warehouse then sold them privately to pay off debts.
After all this was the same customs service that "lost" a Ferrari in a bonded warehouse a few years ago.
More than DM 5 million was invested in building the bonded warehouse and offices, which boast a 9,000-cubic-meter EC-licensed coldstore facility.
The second-largest player was Glen Catrine Bonded Warehouse Ltd with Allied Domecq in third place.