What is a bonded warehouse?

2022-05-23 11:40:58

Bonded warehouses are very popular in foreign trade activities. And it is a crucial part in the trade. A bonded warehouse is a secure and reliable place where imported goods which are prepared for export can be stored without actually entering the market.

It is clear that goods stored in the bonded warehouses are not liable for customs duties and VAT. Therefore, bonded warehouses are simply duty-free zones. Goods stored in the bonded warehouses may be modified for local market. Here are these modifications: Labelling, Marking, Testing, Packaging, Grading, Service and Guarantee. Undoubtedly, bonded warehouses are an integral part of the global supply chain.

There are two kinds of bonded warehouses in general: wet and dry. Different types of bonded warehouses are suitable for different goods. Wet bonded warehouses are used to store alcohol and tobacco. However, dry bonded warehouses can usually store most imported goods.

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