If you own a company that specializes in selling imported items, you might be able to benefit from using what’s called a bonded warehouse. A bonded warehouse is a warehouse where items can be stored without paying customs duties. Your company won’t be responsible for paying any duties or taxes owed on any items stored in a bonded warehouse until they’re removed and officially brought into the country. Here are several of the biggest benefits of utilizing a bonded warehouse.
You won’t lose money if you aren’t able to sell the items.
Let’s say that you import items into a country but aren’t ultimately able to sell them. If you didn’t use a bonded warehouse to store them and paid duties on the items, you would lose money by importing them. But when you store them in a bonded warehouse, you won’t have to worry about costing yourself money if you aren’t able to find buyers for them. You can export them back out of the country without paying duties.
You can store a wide range of different types of items.
Many bonded warehouses are equipped to store almost anything that you want. You can often find bonded warehouses that are capable of storing perishables as well as items that need to be placed into climate-controlled settings. This will allow you to keep your items in a bonded warehouse for as long as you want without them being affected by their surroundings.
You’ll sleep better knowing your items are safe and secure.
Importing items into a country is stressful enough as is. The last thing you want to happen is for you to lose sleep over them as you wonder whether or not they’re safe. When you place items into a bonded warehouse, you can rest assured knowing they’re secured and locked up where no one can get to them. This will really come in handy if you have expensive items in storage.
Do you think a bonded warehouse could benefit your business? Affiliated Warehouse Companies can provide you with U.S. Customs bonded warehousing options the next time you need them. Call us at 732-739-2323 today to learn more about how they work.
