Monday, March 23, 2009

What is a Bonded Warehouse?

Bonded warehouse is a warehouse in which goods on which the duties are unpaid are stored under bond and in the joint custody of the importer, or his agent, and the customs officers.

F.T.Z. + Customs Bonding At Port Jersey Logistics, our Foreign Trade Zone and Customs Bonded Warehouses can help you minimize customs duties and gain greater control of your cash flow — even though the FTZ is located in a U.S. Customs Port of Entry.

Whether you simply store or exhibit imported goods in the
FTZ or assemble imported and domestic materials there, duties are not assessed until after goods leave the Zone for distribution — allowing you to defer, reduce or even eliminate duties.