What Is A Bonded Warehouse

The bonded warehouse refers to the warehouse established in the tariff protection area to enjoy the policy of "domestic and foreign". The goods are transported from one country to the bonded warehouse of the other country without paying tariffs. Usually used for re -export trade and processing trade is wide.
The bonded area is a specific fully closed area set by the customs or registered by the General Administration of Customs. Under the customs supervision of foreign goods, it may not be submitted in the bonded warehouse that does not request import permits in the bonded area for the time being. If the export tax does not need to be paid again, the import tax must be paid in the domestic market.