What are the benefits of a bonded warehouse

[Stardom22]

It's very important in the sense that when an importer sells goods while at bond the burden of paying duty passes to the buyer.

 

[Starmix]

It also helps the owner in case there is a sudden loss or closure, it's the bond that supports getting back to its own direction. Sometimes, it is the bond that suffers to pay damages.

 

[cherry123]

I think with a bonded warehouse a lot of things that will go wrong there will be on the buyer not the seller so the seller don't have much to lose

 

[Reedex]

I think with a bonded warehouse a lot of things that will go wrong there will be on the buyer not the seller so the seller don't have much to lose

It is a sort of business that need thorough investigation so as not to fall into wrong hands.

 

[IB D]

Bonded warehouses really help to defer payment for custom duties. It could be that something unexpected happens to the importer at the time the good arrives and he or she doesn't have money to clear the goods with Customs, a bonded warehouse can help to keep the goods without customs disturbance till he or she can afford to pay.

 

[Heatman]

It's very important in the sense that when an importer sells goods while at bond the burden of paying duty passes to the buyer.

I am not sure if I am very familiar with the concept of bonded warehouse kind of business it is something that sounds very alien to me.

 

[Niyi Briggs]

A bonded warehouse is a provisional warehouse close to a border where you can keep your imported goods prior to when they would be cleared by the customs. It helps to prevent losses to imported goods pending custom clearance.

I am not sure if I am very familiar with the concept of bonded warehouse kind of business it is something that sounds very alien to me.