What is Customs warehousing?

By utilising customs storage, the importer can delay either the payment of duties or the re-exportation of non-Community goods until he is ready to do so.

Warehoused goods are subject to rigorous limits on how much processing or handling can be done in order to preserve their quality for eventual distribution. On the other hand, the premises of a Customs warehousing allow for either inward processing or processing under customs control.

The benefits of using a Customs Warehouse

Imported goods stored in customs warehouses under customs oversight are exempt from import duties and taxes while they are in storage. Imported products can be kept at the warehouse until they are ready to be shipped out of the country. Goods may have undergone a separate customs procedure at a different port, but clearance must be granted by local customs authorities before they may be removed from the warehouse. Numerous Export import management related local customs fees and taxes must be paid.

Customs warehouses are often referred to as bonded warehouses.

Commodities can be stored for up to five years in the United States using these types of facilities. The contributions of such facilities to the administration of the global supply chain are substantial. While your shipment is at a customs warehouse, it can follow standard processing procedures. Your choices are to either work on making the packing better or making it ready for shipment. It's not uncommon for containers to hold items that haven't been assigned any formal classification. The items can be stored in a customs warehouse in any way that suits your needs. Tasks like consolidating large Import and export customs into smaller packages, sorting, grading, and repacking are all possible in a customs warehouse.