Bonded Goods
Definition of Bonded Goods
Bonded goods refer to products that are held in a bonded warehouse or controlled area under customs supervision, where duties and taxes are deferred until the goods are either released for domestic use or re-exported.
As duties and taxes are only paid when the goods are moved out of the warehouse, bonded goods allow businesses to manage their inventory and defer costs until they decide how to handle the goods (e.g., by selling them locally, exporting them, or processing them further).
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