Bonded Warehousing

A bonded warehouse is a facility where goods with unpaid duties can be stored under bond and in joint custody of the importer, their agent, and HM Customs officers.

A variety of businesses can benefit from using a bonded warehouse. Most companies do not sell their goods within four weeks of receiving stock. However,
upfront payment of duty and VAT is mandatory. These funds could have been legally deferred for a significant duration.

By storing their goods in bonded warehousing, businesses can avoid this advance duty payment on goods that may not have been sold yet and may remain in stock for months.

Customs bonded warehousing facilities also provide an opportunity to take full advantage of Customs Freight Simplified Procedures (CFSP).