Save costs while storing your goods with Customs Warehousing

Special Procedures can help companies save or delay customs duty costs on imported goods, resulting in a positive impact on their bottom line. For companies dealing with processing, distribution, and other manufacturing industries subject to high duty rates, using Special Procedures can prove to be highly beneficial. Yet despite the clear financial advantages, many organisations are not making full use of the procedures available to them, often because the administrative requirements can seem daunting without the right processes and systems in place.

Customs or Bonded Warehousing allows a company to store imported goods under customs supervision and thus suspend the payment of customs duties. This means businesses can hold goods in a warehouse without paying duty upfront, deferring that cost until the goods are released for free circulation or re-exported entirely. For companies managing large volumes of imported goods, or those with unpredictable demand patterns, this flexibility can make a meaningful difference to cash flow and financial planning.

With the right software solution in place, the administration of a customs warehouse becomes significantly more manageable, allowing businesses to take full advantage of the procedure without placing an unnecessary burden on their customs teams.

This white paper explores: