Keyword Analysis & Research: what is bonded warehouse

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What are the features of a bonded warehouse?

Features of a bonded warehouse. -Goods are bonded until customs duty is paid. -Goods can be re-exported while in the warehouse. -Storage charges are made on all goods stored in the warehouse. -Goods can be sold while still under bond. -Goods can be inspected and prepared for sale i.e. they can be repacked, branded and blended while in the ...

What does bonded store/warehouse mean?

A bonded warehouse, or bond, is a building or other secured area in which dutiable goods may be stored, manipulated, or undergo manufacturing operations without payment of duty. It may be managed by the state or by private enterprise.

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