Types of warehouses

These are warehouses owned by private individuals for storing their goods. They may be for wholesaler's, warehouses owned by manufactures or whole sellers where they store their goods before sale.

These are the special kind of warehouses where imported goods are kept until payment of customs duties is made. Goods are only released from the bonded warehouse after the customs duty is paid and a release warrant is issued.

These are the warehouses which keep goods that are not subjected to any customs duty or controlled by customs authorities.

1. The importer may not pay the customs duty if the goods are bought while in bond, but it is passed on the buyer.
2. Goods may advertise, blended, branded and classified in the bonded warehouses.
3. The importer may look for buyers before paying the customs duty.
4. If the importer desires to re-export the goods, the customs duty is not paid but only pays storage charges.
5. Some goods lose weight while in the bonded house, so the customers duty paid becomes lower if it is based on the weight of goods (specific taxi).