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bonded warehouse


'bonded warehouse' can also refer to...

 

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A warehouse, usually close to a sea port or airport, in which goods that attract customs duty or excise are stored after being imported, pending payment of the duty or the re-export of the goods. The owners of the warehouse are held responsible for ensuring that the goods remain in bond until the duty is paid; they may only be released in the presence of a customs officer.

Subjects: Business and Management.


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