Bonded warehouses

A bonded warehouse is a secure storage facility where goods can be stored without paying import duties or taxes until they are released for sale or distribution. These warehouses are regulated by customs authorities to ensure compliance with trade laws. Businesses use bonded warehouses to defer duties, manage inventory, and facilitate international trade, allowing them to avoid upfront costs until necessary. Once the goods leave the warehouse for domestic sale or further processing, the appropriate taxes must be paid.