Bonded warehouse

a "bonded warehouse" is a facility authorized by customs authorities where imported goods can be stored without the payment of duties or taxes. These warehouses are under strict supervision and control, ensuring that the goods remain within the customs territory. Bonded warehouses provide a secure and regulated environment for storing goods, allowing businesses to defer payment of duties until the goods are released for domestic consumption or re-exported. They offer flexibility in inventory management, facilitate international trade, and support customs compliance in the supply chain.