Custom warehouse is a place where imported goods are stored under customs control in designated place without payment of import. Custom warehouse is facilities setup to avail the benefit of customs duty deferment. Imported goods can be stored in a warehouse without payment of duty and the applicable duty is required to be paid only at the stage of their clearance from the warehouse. One of the main advantages of custom warehouse is the ability to save money. When you import goods and store them in a customs bonded warehouse, you will not be forced to pay duty until the goods leave the warehouse.

Why do I need a Customs Bond Warehouse?

Long-term storage

Customs bonded warehouses are best for long-term storage of goods. You are able to store your goods up to five years in the United States without paying any duty. But the storage period in some countries is indefinite.Storing your goods for a long time helps in eliminating the need to travel around with goods. It also gives you time to find the right buyers.

Perfect for Storing Restricted Goods

Another advantage of customs bonded warehouses is that it allows you to store restricted good. The importation of restricted goods has a lot of paperwork and legal requirements. You should note that there is a time limit for storing restricted goods in a warehouse before the approval of the necessary paperwork. But the good thing is that customs warehouses are not bound by those time limits. This means you can keep storing your restricted goods for up to five years.

Ideal for International Shipping

Customs bonded warehouses are most convenient for businesses that deal with international shipping. If for example your business is involved in shipping products from different countries across the world, you can import them and store in customs bonded warehouses indefinitely without paying duty fees.

There are two options available: If you are importing, you will only be required to pay duty if there is an increase in demand for storage space. On the other hand, if you are exporting you can agree with the bonded warehouse to consolidate assets before exporting them.

Legal and proper handling of prohibited goods

Another advantage of custom warehouse is that it allows you to store restricted goods. The importation of restricted goods has a lot of paperwork and legal requirements. You should note that there is a time limit for storing restricted goods in a warehouse before the approval of the necessary paperwork. But the good thing is that customs warehouses are not bound by those time limits

Goods are safe and secure while stored

Customs bonded warehouses securely store goods by exporters and importers until they can identify the correct market to sell these goods. smart buy enterprise offers a container pickup and returns facility to and from the port, which takes away the unnecessary travel and allows businesses and importers to develop long-lasting and mutually beneficial relationships with trusted partners like smart buy enterprise.

READY TO GET STARTED? Contact us today and store your goods.