Bonded Warehouse

Tags: Logistics

A bonded warehouse is a secure space where dutiable goods can be stored (short or long term) prior to processing by customs. During the period of storage they can be sorted, cleaned, repackaged and/or relabelled. Duties are not payable until such time as the goods leave the warehouse. Bonded warehouses are often used for goods that will be re-exported in order to avoid double taxation.