BONDED WAREHOUSE
The Bonded Warehouse – privately managed – is where non-EU goods can enter the country while maintaining foreign status. The payment of all customs duties is therefore suspended!
PROCEDURE FOR GOODS
- Customs declaration for the classification of goods to be brought into the Bonded Warehouse.
- Reception of goods into the warehouse and entry in the “customs register”.
- Possible manipulation, removal, transfer, improvement of the goods in accordance with the law.
- Withdrawal of goods with release for free circulation or re-export of goods.
THE BENEFITS
The greatest benefit of Bonded Warehousing is the possibility to defer the collection of customs duties until the goods are sold.
In the case of goods sold in non-EU destinations, not only is VAT not considered, but the costs related to duties and surcharges are saved in full.
In the event of sale within the EU, it is possible to transfer goods placed in the Bonded Warehouse in Italy to another EU individual, with the latter then held responsible for paying customs duties so that the seller need not pay any.
The financial benefits also bring about commercial benefits: competitiveness is increased with the availability of goods ready for delivery.
DOWNLOAD OUR EBOOK
Do you want to save on customs duties? Does your company need to store EU and/or EXTRA-EU goods? Not sure how to manage unsold lots or long-term storage? Download our eBook and discover the advantages of Bonded Warehousing.
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Via Magellano, 22/24 - 21054
FAGNANO OLONA (VA) -
+39 0331.61.37.01
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Via Gobetti, 2/C - 20063
CERNUSCO S/N (MI)