Advantages of having a customs bounded area
warehousing is a customs procedure and requires a special declaration. Under the customs warehousing procedure, you can
store non-Union goods in an approved area and under the supervision of the
customs authorities or in another location: a customs warehouse.
Import duties, VAT and other charges are only due after removal of the goods from the customs warehouse if the destination is the EU market. These charges are not payable if the goods are destined for a market outside the customs territory of the Union.
Custom warehouses are used when an importer isn’t sure about the destination of his goods (sell it in- or outside the EU, process the goods, transit them to another place, etc.) or when he wants to postpone that decision, and hence also postpone the payment of taxes and duties.
The warehouse needs to be registered as bonded warehouse, and everything
that goes in or out the warehouse has to be administered and declared. Mawyc
offers solutions as well for the administrative process as for the physical
process of storage and transportation of the goods (acceptance in our
warehouse, till delivery to your client).