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 ?
Johnson and Wood (1996) provided a list of services attributes of public warehouses consisting of bonded storage, office and display space, integrated data-processing equipment, inventory-level maintenance, local delivery or tendering outgoing movements to carriers, unpacking, testing, assembling, repacking, price marking, and securing collateral goods for loans.
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.
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.
In addition to storing metal, NEMS offer general warehousing, personal document and bonded storage to customers from the UK, Scandinavia, Russia and North America and is one of Britain's biggest specialist warehousing operations.