Bonded Warehousing

What is a bonded warehouse?

A bonded warehouse is a controlled storage facility where importers can store goods before customs clearance. Here's the catch: while in the bonded warehouse, these goods are not subject to customs duties. However, once the goods leave the warehouse for their final destination, all applicable duties like VAT and import duties become due. This setup allows companies to defer customs duties payment and strategically store goods closer to international customers, resulting in quicker delivery times. 

The Advantages of Bonded Warehouses

Bonded warehouses offer numerous advantages, especially for businesses dealing with large volumes of imports and exports subject to hefty customs duties. Here are six benefits:

1. Deferred Duty and Tax Payment: By utilizing a bonded warehouse, you can delay paying customs duties and taxes until your goods are ready to be shipped out.
2. Quality Preservation: Bonded warehouses are equipped to maintain the quality of stored goods for extended periods. Whether it's dry goods, perishables, or temperature-sensitive items, these facilities ensure product integrity.
3. Proximity to Ports and Airports: Most bonded warehouses are strategically located near major ports or airports, reducing lead times, transportation costs, and potential damage during transit.
4. Long-Term Storage: Many bonded warehouses offer extended storage periods, accommodating businesses needing time to meet import regulations or adjust to fluctuating demand.
5. Enhanced Customer Service: With goods stored in advance, businesses can fulfill orders promptly, providing better service to customers. Bonded warehouses streamline storage and transit processes, minimizing hassles for importers.
6. Safety and Security: Bonded warehouses prioritize security measures such as CCTV surveillance, fire suppression systems, and inventory management software to ensure the stored goods are safely stored and documented.

Types of Bonded Warehouses

Bonded warehouses can be either public or private or in other words, run by the government or by private companies:

• Public Bonded Warehouses: These are government-owned facilities that offer storage under customs supervision. They provide cost-effective and flexible storage solutions.
• Private Bonded Warehouses: Privately owned facilities allow clients to store their goods or handle imports on behalf of others. They offer clients greater control over storage and operational processes.

How can we help

At BioTouch, we understand the significance of efficient logistics solutions for our customers. By leveraging our expertise in bonded warehousing, we provide comprehensive support to streamline your healthcare supply chain operations. With our state-of-the-art facilities, we offer secure storage options that enable you to defer customs duties, preserve product quality, and enhance distribution efficiency. 

Whether you require short-term storage or long-term solutions, our bonded warehouse services are tailored to meet your specific needs. Trust BioTouch to optimize your logistics processes and facilitate smoother, more cost-effective operations.