Additionally, Bonded Warehouses present official supervision and security for goods earlier than the payment of duty. A bonded warehouse is a warehouse operated by a private company in a foreign country under the regulatory supervision of that country’s customs company. A Bonded Warehouse permits corporations to store items imported from different countries with out having to pay any import duties and VAT till the products are bought on the local market. In the latter case a customs bond have to be posted with the government. A bonded provider is a licensed transporter that can transfer freight

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