Let's start at the beginning. Bonded Warehouse means 'sealed storage location'. Goods from outside the EU are stored here under the supervision of the customs authorities. The final destination of the goods may not yet be known.
Why use a bonded warehouse?
Goods with an origin outside the EU can be placed in a bonded warehouse in order to postpone the payment of import duties. Only when the goods are placed in free movement the import duties have to be paid. Interesting financial advantages can be obtained with a bonded warehouse such as:
Which types of bonded warehouses are there?
LSPcustoms supports three types of bonded warehousing, type C, D en E. In these types of bonded warehouses goods can only be stored by the manager of the bonded warehouse. However, this does not have to be the owner of the goods, for example in the case of Logistic Service Providers. Please contact us to find out which type of bonded warehouse will best suit your needs.
Insurance / safety
When goods are stored in a bonded warehouse you only pay import duties at the moment the goods are placed in free movement. Customs authorities will need assurance that the owed import duties and taxes are paid. A bank guarntee or monlthly credit is therfor required.
Read more about the insurance (Dutch link).
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