The first bonded warehouse arose in France in the mid-seventeenth century. It was a special room where certain goods and supplies were stored. It was created by order of the French king.
A customs warehouse is a regime in which imported goods are kept under control without levying any duties. Economic measures are not applied to the cargo. The goods to be exported are under
customs control with a number of benefits provided by law. These include: refund of the amount paid, exemption from taxes and others.
A customs warehouse is a reserve of goods, the contents of which do not bring any losses to the state. Its use may be especially important during any significant upheaval, including possible crop failures, the introduction of embargoes, economic crises, and the like.
In fact, goods placed in such a warehouse are located outside the national territory. This is one of the reasons why they are not taxed in this case. At the same time, duties are levied only upon the conclusion of a transaction. Acceptance of goods at a customs warehouse can facilitate
foreign trade operations, as it gives a choice: to sell it on the national market or to move abroad. Any cargo may fall under this regime, with the exception of what is prohibited by law for import or export. The last category includes: weapons, sources of atomic radiation, narcotic or psychotropic drugs,
nuclear materials. To place goods in a customs warehouse, you need to present a cargo declaration, accompanying and other documents. Animal or vegetable products imported from abroad need phytosanitary and veterinary control.
The customs warehouse
regime is advantageous in that it allows you to purchase goods at a time when the offer is most profitable, and to sell when the demand for them in the foreign market is optimal. Also, when importing, it will help to avoid paying the full amount of taxes. Therefore, this regime can be very beneficial both for persons importing goods and for exporters. To use it, you must have a special license.
The customs warehouse may be private or public, depending on the type of founder. The first type is created by any enterprises or organizations that do not have the status of a legal entity. A public repository opens the appropriate regional office.
In terms of access, customs warehouses can be open (accessible for use by any citizen) or closed (that is, intended only for storing goods of certain persons).
The total period of stay of goods in this mode cannot be less than one year and more than three years. The exact duration of storage of goods is determined only by agreement. It is drawn up between a person interested in the maintenance of goods in this mode, and the relevant authority. Customs warehouse services are mainly in the design and storage of goods. The owner body is fully responsible for the loss, damage or shortage of the goods received.