Bonded warehouse, refers to the Customs approval of the establishment of a warehouse for the storage of imported goods without being subject to tariff laws and import control regulations.
Imported goods stored in bonded warehouses are authorized to be modified, graded, sampled, mixed and reprocessed in the warehouse, and these goods are exempted from tariffs if re-exported, and are subject to tariffs if they enter the domestic market. The period of storage of goods in bonded warehouses is clearly defined in each country. The establishment of bonded warehouses in addition to providing convenience for traders, but also to promote re-export trade.
Bonded warehouses are often used in re-export trade, that is, goods imported from a country, in a bonded warehouse for storage and processing, and then exported to other countries. This form of trade helps promote international trade and regional economic development. Bonded warehouses can also be used as logistics distribution centers for sorting, packaging and distribution operations of imported goods to meet the needs of different customers.
Features of bonded warehouse:
1. According to the different objects of use, bonded warehouse can be divided into public bonded warehouse and self-use bonded warehouse. Public bonded warehouse by the main warehousing business of independent enterprises in China, specialized in providing bonded warehousing services to the community.
2. Self-use bonded warehouses are operated by specific independent enterprises in China, which only store bonded goods for their own use. In addition, according to the type of stored goods or specific purposes, bonded warehouses can also be divided into liquid bonded warehouses, bonded warehouses for spare parts, consignment maintenance bonded warehouses and other specialized bonded warehouses.
3, liquid bonded warehouse specializing in the provision of petroleum, refined oil or other bulk liquid hazardous chemicals bonded warehousing services; preparation of bonded warehouses for the processing trade enterprises to store imported raw materials, equipment and its components for processing re-export use; consignment maintenance of bonded warehouses for the introduction of advanced technology and equipment to provide after-sales service for the import of maintenance spare parts to provide duty-free warehousing services. The consignment maintenance bonded warehouse is to provide duty-free warehousing services for imported maintenance spare parts of advanced technical equipment to provide after-sales service.