A Bonded Warehouse is a customs-controlled space where goods are stored until their duty is paid.
What is Bonded Warehouse ?
A Bonded Warehouse is a warehouse for the storage of imported dutiable goods held in bond by the government. These warehouses allow the deferring of payment of duty and other taxes until these goods are imported for sale. In other words, a bonded warehouse is a duty-free zone that can store both wet(alcohol, tobacco, etc.) and dry goods. However, the storage is limited to a period of time within which the goods need to be sorted, repacked, processed and be prepared for distribution.