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Bonded Warehouse

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Bonded warehouses are the areas where the goods are kept until the customs authorities complete the customs clearance. A bonded warehouse controlled by customs. These warehouses are duty-free areas until the importation process. In these warehouses, the goods can be kept until the customs duty is paid and the import procedures are completed, or they are sent to another country (for example, by re-export or transit trade).

Related Article:

What Is Customs Clearance?