Bonded Warehouse

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Related to bonded warehouses: Bonded goods, Warehouse Entry, Bonded Storage

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 ?
Increasingly, companies sourcing merchandise abroad are utilizing customs bonded warehouses or foreign trade zones to protect their brand names and product integrity.
a lot of companies around here, many of the high-tech ones, have expressed huge interest," says Omar Passos, deputy director of Columbia Armazens Gerais, a Brazilian logistics company operating several customs bonded warehouses, including one at the busy Viracopos cargo airport at Campinas, in Sao Paulo state.
The actual delivery of raw silk will be made at bonded warehouses in Yokohama, Kobe, Hong Kong, Shanghai and Pusan.
The predominant, if not exclusive, federal benefit of bonded warehouses is the alleviation or deferral of customs duties or federal taxes on goods imported into the customs territory of the United States.
The expanded role we will now play with this firm is testimony to the quality of service we have provided the company as one of its domestic receiving stations and United States Customs Bonded Warehouses," said Dobrinsky.
Tenders are invited for Valuation Of Long Standing/ Un-Cleared Cargo Lying At Cfss/ Icds/ Public Bonded Warehouses Or At Any Other Location Within Jurisdiction Of Central Warehousing Corporation, Regional Office, Navi Mumbai
However, it is believed criminals are getting round this by moving goods between bonded warehouses in a complex scam that makes it harder to keep track of products.
In her time she met the Kinks, the Hollies and posed in a great black and white Mary Quant-style dress with a pistol on Newcastle's quayside when the bonded warehouses still existed.
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.
The scam centred on lorryloads of beer, wine and spirits bought from bonded warehouses apparently for delivery in Europe but sold in Britain without duty being paid.
Tricell is therefore able to move on from the normal procedure of using bonded warehouses and freight forwarders to supply the individual electronic identification numbers for each handset in transit.
Tenders are invited for Disposal Of Long Standing/ Un-Cleared Cargo Lying At Cfss/ Icds/ Public Bonded Warehouses Or At Any Other Location Within Jurisdiction Of Central Warehousing Corporation, Regional Office, Navi Mumbai.