a warehouse in which dutiable goods are deposited until duty is paid or the goods are cleared for export
bonded warehouse in American English
a warehouse, certified by the government and guaranteed by a bonding agency, where taxable or dutiable goods may be stored, with payment of the tax or duty deferred until the goods are removed
bonded warehouse in Retail
(bɒndɪd wɛərhaʊs)
Word forms: (regular plural) bonded warehouses
noun
(Retail: Distribution)
A bonded warehouse is a secure warehouse in which goods are stored until customs duty is paid or the goods are cleared for export.
Authorized operators of bonded warehouses are often required to provide custom bond.
The bottled Scotch is stored in a bonded warehouse until all the customs' formalities have been completed.
A bonded warehouse is a secure warehouse in which goods are stored until customs duty is paid or thegoods are cleared for export.