Bonded goods are items stored in a bonded warehouse where customs duties and taxes are deferred until the goods are removed for domestic use or re-exported.
Bonded goods remain under the control of customs authorities within a bonded warehouse, providing businesses with a significant cash flow advantage by delaying payment of import duties and taxes. This arrangement allows companies to store imported goods without immediate tax liability, which is particularly beneficial for goods intended for re-export or awaiting further processing. The bonded warehouse provides a secure environment, ensuring compliance with regulatory requirements. When the goods are eventually released, duties and taxes must be paid based on their destination. Utilizing bonded warehouses can optimize inventory management, reduce upfront costs, and enhance operational flexibility in international trade.
Bonded Goods