According to the strategic partnership between the United States and China, the customs and transit services of the United States and China can be provided.

A Customs bonded warehouse is a building or other secured area in which imported dutiable merchandise may be stored, manipulated, or undergo manufacturing operations without payment of duty for up to 5 years from the date of importation.

In order to be approved, Customs bonded warehouses must designate a specific area that will only be used for storing imported goods, and prove their operational and financial integrity. Here at UGD INTERNATIONAL, we provide custom bonded warehouses which allow and the goods type of the goods is adopted in the mode of flexible customs clearance, and the customer’s goods will be guided by the smooth customs of the goods.

There are numerous benefits associated with using a bonded warehouse. Some of advantages are:

1. Long-Term Storage

Customs bonded warehouses are great for long-term storage. In the United States, you can store with one for up 5 years without paying Customs Duties; in some countries, bonded warehouse storage periods are indefinite. Storing long-term prevents the need for unnecessary travel and allows importers to develop relationships with reliable and trustworthy vendors.

2. Deferred Duties

The great thing about Customs bonded warehousing is that it saves money. When goods are imported and stored at a Customs bonded warehouse, the duties are deferred until the goods leave the warehouse. This allows the importer to save money on storing their goods regardless of what they intend to do with the cargo. This also gives the importer extra time to complete the legal legwork needed to import their goods into the country. Some importers record saving 25-30% in deferred taxes over comparable non-bonded warehouses.

3. Ideal for Storing Restricted Goods

Customs bonded warehouses are perfect for storing restricted goods. Importing restricted goods involves much more paperwork and legal legwork than importing conventional goods. Unfortunately for importers, there is a strict period of time during which restricted goods can be held in a warehouse before the proper paperwork is approved. Customs bonded warehouses are exempt from this probation period, which means, similar to duty deferment, importers can store restricted goods for up to 5 years while they file the necessary paperwork.

4. Convenient for International Shipping

One of the most significant advantages of a Customs bonded warehouse is how convenient it is for businesses that ship internationally. A business can import goods to a Customs bonded warehouse across the world and store it there until further notice without paying any duty fees.

The importer can then take one of two routes:

Importing

Goods can be stored at the warehouse until there is an increase in demand for the goods, at which point the importer will pay duties on the goods as they are delivered to their destination within the country of holding. The goods do not need to be imported all at once.

Exporting

Importers can store goods at the warehouse to facilitate the consolidation of assets before being exported again. When the consolidated goods are exported out of the country of holding, the importer isn’t charged duty fees because the goods stayed under the surveillance of Customs—this prevents double taxation.

5. Stress-Free Relationship

Ultimately, storing goods at a Customs bonded warehouse is stress-free for importers, and working with a certified warehouse will make storing and transporting international goods a smoother process. Goods are kept safe and secure with 24hr surveillance; duties and taxes are deferred until their goods leave the facility; there’s no rush on paperwork, payment, or inspection; and goods can be held for years if demand for the product is low.

None of these are possible in a non-bonded warehouse, in fact, delayed payments and incorrect paperwork at non-bonded warehouses will result in the destruction of the stored goods.

BONDED WAREHOUSING WITH JS

At UGD INTERNATIONAL, we offer Customs bonded transportation and warehousing for imported goods. We ensure they’re inspected and delivered properly and quickly. We meet all the criteria to be an approved Customs bonded warehouse and all of our facilities are equipped with 24/7 surveillance, advanced security systems, and patrolled yards so you can be sure that your goods are in a safe and secure space.