Bonded Warehouse (Customs Glossary): Difference between revisions

Bonded Warehouse (Customs Glossary) (view source)

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 {{note|This article is part of the [[Customs_Glossary_Guide|Customs Glossary Guide]]|info}}
-== Introduction ==
+[[Image:Warehouse.jpg|300px|thumb|In Bond shipments may move to a bonded warehouse or continue on for export from the United States]]In the context of North American trade, a '''Bonded Warehouse''' is a specialized facility authorized by customs authorities to store imported goods, foreign merchandise, and domestically produced goods under bond without paying import duties or taxes until they are released for consumption or exported. Bonded warehouses play a crucial role in facilitating international trade, offering businesses various benefits, including deferring customs duties and taxes, streamlining logistics, and enhancing supply chain efficiency. This article defines what a Bonded Warehouse is in North American trade and explores the scenarios in which these facilities are used.
-[[Image:Warehouse.jpg|300px|thumb|In Bond shipments may move to a bonded warehouse or continue on for export from the United States]]In the context of North American trade, a Bonded Warehouse is a specialized facility authorized by customs authorities to store imported goods, foreign merchandise, and domestically produced goods under bond without paying import duties or taxes until they are released for consumption or exported. Bonded warehouses play a crucial role in facilitating international trade, offering businesses various benefits, including deferring customs duties and taxes, streamlining logistics, and enhancing supply chain efficiency. This article defines what a Bonded Warehouse is in North American trade and explores the scenarios in which these facilities are used.
 == What is a Bonded Warehouse? ==