Bonded

Bonded goods are stored in approved customs-controlled facilities without the immediate payment of import duties and taxes. This allows importers to defer duty payments until the goods enter the local market, while goods that are re-exported, or destroyed under customs supervision may avoid import duties altogether. The goods must remain under customs control and cannot be sold, used, altered, or removed without authorization. Bonded storage supports cash-flow management, inventory planning, and lawful international trade.