Customs Warehouse
/ˈkʌstəmz ˈwɛərhaʊs/
Definitions
- (n.) A bonded facility authorized by customs authorities where imported goods are stored without payment of duty until cleared for domestic use or re-exported.
The importer stored the electronics in a customs warehouse to defer paying duties until sale.
Forms
- customs warehouse
- customs warehouses
Related terms
See also
Commentary
Customs warehouses facilitate deferred customs duties, aiding in cash flow management for importers.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.