Recently, many cross-border sellers do not know what a bonded warehouse is. Bonded warehouses are essential basic knowledge for cross-border e-commerce sellers. So what is a bonded warehouse?
What is a bonded warehouse?
A bonded warehouse is a widely used form of bonded system. It refers to a warehouse approved by the customs for storing bonded goods and other goods that have not completed customs formalities. Goods entering and leaving the customs are subject to customs supervision. You can think of it as a foreign place. Entering it is equivalent to exporting, and goods entering the country from a bonded warehouse are imported. In fact, warehouses in bonded areas, bonded logistics parks, export processing zones, and bonded port areas can all be called bonded warehouses.
What are the functions of a bonded warehouse?
1. Bonded warehouse storage: The logistics costs such as rental and loading and unloading fees of the park warehouse are much lower than those abroad. The inventory of goods that are determined or intended to be sold to South China can be transferred to the Futian Bonded Zone warehouse; there is no restriction on the storage period of goods in Futian Bonded Zone, Yantian Port Bonded Logistics Park, and Guangzhou Bonded Logistics Park
2. Export goods return inspection, maintenance and re-export: Solve the problem of export goods being returned to the country for re-export due to quality, packaging and foreign customs clearance issues
3. Bonded zone transfer tax rebate: Domestic goods entering the export processing zone and Yantian Port bonded logistics park are deemed to be exported and tax rebates are implemented. The "one-day tour in the park" replaces the "one-day tour in Hong Kong" for export re-import and deep processing transfer of processing trade. Enterprises can save a lot of logistics costs and time through the park
4. Bonded area consolidation: Futian Bonded Area, Yantian Port Bonded Logistics Park, and Export Processing Zone can carry out: international transit, international transit trade, international procurement, and international distribution, which can be carried out in bulk or in bulk.
5. Bonded entry and exit: Goods imported from abroad are bonded (free of customs duties, value-added tax and approval documents)
6. Re-export trade: Futian Bonded Zone, Yantian Port Bonded Logistics Park and Export Processing Zone can be re-exported to other countries or regions abroad (free of tariffs, value-added tax and approval documents);
7. Bonded area declaration: import and export clearance, transit and commodity inspection.
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The above is the relevant information about bonded warehouses in this issue. If you want to get more knowledge about bonded warehouses, please continue to pay attention!
