Privately-Owned Customs Bonded Warehouse
Customs bonded warehouse is a secure location at which you can store, export, and import goods. Imported freight must be inspected and approved by Customs agents before it can be delivered to its destination. When imported freight is stored in a non-bonded warehouse, the importer must immediately pay taxes on the goods and have them inspected no matter where they’re going next. To make the jobs of Customs agents a little easier, they work with certified, Customs bonded transportation and warehousing services that can receive and hold the goods until duties and inspections are addressed.
Advantages of a Customs Bonded Warehouse
1. Convenient for International Shipping
One of the most significant benefits of a Customs bonded warehouse is how convenient it is for international shipping. Without paying any customs duty fees, a company can import goods to a Customs bonded warehouse and store them there until further notice.
2. Deferred Duties
The advantage of Customs bonded warehousing is that it is cost-effective. Duties are deferred until the goods leave a Customs bonded warehouse when goods are imported and stored there. Some importers claim to have saved 25-30% in deferred taxes when compared to non-bonded warehouses.
3. Stress-Free Relationship
Eventually, storing goods at a Customs bonded warehouse relieves importers of stress, and choosing a certified warehouse makes storage and moving foreign goods easier. Goods are kept safe and secure with 24-hour surveillance. There is no pressure on paperwork, payment, or inspection. None of these is feasible in a non-bonded warehouse; in fact, delayed payments and inaccurate documentation in non-bonded warehouses would result in the destruction of the stored goods.