bonded warehouse


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bonded warehouse

A warehouse where materials may be stored before their installation on a building project if they are not stored at the job site. The materials are “in bond, ” that is, under the legal control of the project’s owner.
References in periodicals archive ?
Babi presented a paper on 'Leveling the playing field for export diversification: bonded warehouse reforms for easier access to inputs'.
"There is a need to suspend the operations of the Customs bonded warehouse of Mighty Corp.
Nicola Tran, who works at Plutus bonded warehouse, said: "We were still all sitting in the dark two hours later and all down the street people were out of their buildings."
Lingfield Warehousing, the Darlington-based storage specialists, has secured its first customer since becoming authorised as a Type A bonded warehouse.
According to TTB: "On and after January 3, 2006, a product that does not comply with the requirements of TTB TD-21 may not be produced at a brewery, bottled at a brewery, removed from a brewery with or without payment of tax, removed from customs custody for consumption, or (in the case of products not destined for exportation), transferred to a second customs bonded warehouse. Such a product may be reformulated for production at a distilled spirits plant."
Later, Schenker Germany agreed to transport a large shipment of telecommunications gear via Singapore Airlines and thence by truck to Schenker's bonded warehouse about 2.5 miles from the Melbourne airport.
A bonded warehouse is a secured area located within the United States, which is treated as being outside the customs territory of the country for customs purposes.
The new tech center will provide AMT members with a base for service personnel, spare-parts storage, a demo room, classrooms, and a bonded warehouse. Late last year the American trade association closed export-promotion offices in Sao Paulo, Brazil, and Prague, Czech Republic.
The go-ahead has been given for 30 "high quality" one, two and threebedroom homes on land next to one of the early landmarks of the regeneration project - the Bonded Warehouse on Atlantic Wharf.
Under the new law, however, a bonded warehouse operator- not just an importer or exporter-can win a concession to run manufacturing, assembly and distribution centers.
A bonded warehouse is a facility authorized by a government's customs department for the storage of dutiable goods.
CMC De Ravenna Itinera, the importer, got approval from the Kenya Revenue Authority to transfer 10 Toyota Hilux into Siginon Group's bonded warehouse for storage pending payment of customs duty.