In the field of international trade, it is crucial to have an efficient storage system for goods to ensure safety and quality in transportation. In this regard, bonded warehouses play a key role by allowing the storage of goods under the control of the customs authorities, without the need to pay import duties and taxes until they are assigned to a definitive regime.
In this article, we will explore in detail what a Bonded Warehouse is, its advantages and the different types that exist, as well as the differences with respect to the VAT Warehouse.
What is a Bonded Warehouse
A bonded warehouse is an authorized warehouse where goods are kept and controlled by customs agents. Its main function is to facilitate the international trade process by complying with customs regulations in an efficient manner.
The stored goods may belong to the importer, exporter or an authorized third party known as a bonded warehousekeeper.
In addition to warehousing, bonded warehouses can offer additional services such as handling, packaging and transportation of goods.
Advantages of a Bonded Warehouse
The bonded warehouse offers a number of significant advantages for companies engaged in international freight forwarding. These advantages translate into greater operational efficiency and optimization of financial resources. Let’s take a closer look at some of the most important advantages:
Improved quality of service
One of the most notable advantages of the bonded warehouse is its ability to improve the quality of services offered by companies. Storing products in a bonded warehouse guarantees a larger available stock, which allows us to respond more quickly and efficiently to customer demands.
In addition, delivery times of goods are significantly reduced, which improves customer satisfaction.
Staggered goods issue
Another important advantage is the possibility of a staggered release of goods. Thanks to the bonded warehouse, companies can ship goods gradually, depending on market demand. This avoids sudden product stock-outs and allows for more flexible shipment management.
The bonded warehouse also offers considerable cost savings. Companies may defer payment of VAT and duties until the goods leave the warehouse and are assigned to a definitive regime.
In addition, taxes related to destinations outside the European Union can be avoided, helping to optimize financial resources and reduce operating expenses.
In terms of time, the bonded warehouse allows for a shorter stay of goods in ports. This streamlines customs procedures and reduces waiting times, which translates into greater efficiency in the supply chain and optimized delivery time.
Increased distribution efficiency
In addition, the Bonded Warehouse facilitates uncomplicated partial shipment of goods. This translates into greater efficiency in product distribution and delivery, improving the customer experience and streamlining logistics processes.
Finally, the bonded warehouse opens up new business opportunities for companies. Direct export can be done from the warehouse itself, without having to pay VAT or customs duties. This multiplies the possibilities for exchanges and business, fostering growth and business expansion.
In summary, the Customs Bonded Warehouse offers significant advantages, such as improved quality of service, cost savings, time optimization, greater efficiency and expanded trade opportunities. These advantages not only benefit transport companies, but also have a positive impact on customers by ensuring faster, more efficient and cost-effective delivery of goods.
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Types of Bonded Warehouses
There are different types of bonded warehouses, each with specific characteristics. The following are the main ones:
Public Customs Warehouses
Public bonded warehouses are authorized spaces for the storage of goods by any person. They are subdivided into three types:
Type A: In this case, the responsibility lies with the warehousekeeper, i.e. the warehouse where the goods are located.
Type B: In this type of Bonded Warehouse, the responsibility lies with the depositor, i.e. the customer or owner of the goods.
Type F: In type F bonded warehouses, management is the responsibility of the customs authorities.
Private bonded warehouses
Private bonded warehouses are also divided into three types:
Type C: In this case, the depositary is the same person as the depositor. The dispatch procedure is the usual one.
Type D: As in type C, the depositary is the same person as the depositor, but the dispatch is done through a simplified direct debit process.
Type E: This type of deposit is used for a specific operation and is authorized only for that specific case. This is a fictitious deposit that is only used in particular circumstances.
It is important to note that there are other types of bonded warehouses, such as the Temporary Storage Warehouse, which allows receiving non-Community goods and subsequently assigning them a customs procedure. In the ADT, tariffs and VAT are suspended, and import clearance must be completed within a certain period of time.
Differences with the VAT Warehouse:
It is important to highlight the differences between a Bonded Warehouse and VAT Warehouse, as they are different concepts in the field of international trade.
Customs Warehousing refers specifically to the storage of goods under customs control, where the payment of import duties and taxes is suspended until the goods are assigned to a definitive regime. On the other hand, the VAT Warehouse is a customs procedure in which goods that are not subject to customs control in the traditional sense are stored.
In the case of VAT Warehouse, goods may be stored in warehouses or depots that are not authorized as bonded warehouses. This means that the intervention of the customs authorities is not required and the usual customs procedures, such as the filing of customs declarations or the payment of taxes, do not apply.
Goods in a VAT Warehouse may be subject to commercial activities, such as sale, processing or transformation, without being subject to the customs and tax restrictions that would apply in a Bonded Warehouse.
In summary, while the Bonded Warehouse focuses on the storage of goods under customs control and the postponement of duty and tax payments, the VAT Warehouse refers to the possibility of storing goods without the intervention of the customs authorities and without having to comply with the usual customs procedures.
Across Logistics, service for Customs Management
When it comes to customs brokerage services, having a reliable and specialized partner makes all the difference. At Across Logistics we are a logistics company that offers a wide range of customs management services, providing specialized advice and strictly complying with current regulations.
Our approach is based on considering your cargo as our top priority. We consider ourselves an extension of your logistics department, working closely with you to ensure a smooth and efficient customs process.
Our team of highly trained advisors is always ready to answer your questions and provide detailed information on the particularities of the current regulations.
Our customs brokerage services cover everything you need for a successful operation. More information at:
Bonded Warehouses are key elements in the field of international trade, as they allow the safe and controlled storage of goods, without having to pay import duties immediately. Its use offers several advantages, such as tax deferral and greater customs control.
In addition, there are different types of bonded warehouses, both public and private, which are adapted to the needs and characteristics of each operation. Understanding these differences is critical to maximizing the opportunities that bonded warehouses provide in international trade.