Bonded warehouse services
A bonded warehouse is a secured warehouse facility where export companies uses it to store products that are dutiable. The warehouse is strictly supervised by the respective country’s customs and companies do not need to pay import duty and/or Value Added Tax (VAT) until the products until the goods are purchased from the facility. Bonded warehouses can be run by private companies or the government, subjecting to the government guidelines in that country. This article will bring you through the benefits of utilizing SDR’s bonded warehouses.
The fact that payment of duty and/or VAT can be delayed until products have been procured allows companies to manage their cash flow better. With the products stocked in bonded warehouses, all of them are classified as duty suspended. With SDR’s Bonded Warehouse Logistics services, companies can avoid the issue of paying a substantial amount of taxes upfront which might leave companies out of pocket. Therefore, the money can be used efficiently in other aspects of the business.
SDR provides the use of Bonded Warehouse adds flexibility to companies’ business operations as they can store products of different types and materials in it. Regardless of how commonly or uncommonly shaped, how large or tiny, perishable or less perishable, your products are safely stored over at our bonded warehouses. Products can be imported and stored prior to peak periods so they are instantly available to meet demands without delays, thus improving customer service. If you are searching for a quality warehousing and logistics solution for your imported products, SDR’s Bonded Warehouse Logistics service is the perfect answer.