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. Customs or Bonded Warehousing allows a company to store imported non-community goods under customs supervision and choose when they either re-export the goods or release them into free circulation and thus pay the customs duties.
This white paper explores:
- The key definition of a Customs Warehouse
- Authorisations required
- Advantages and how Customs Warehousing works in practice
- How Customs Warehousing works with a customs software solution