Analysis of Bonded Warehouses: Types, Functions and Application Conditions

A bonded warehouse refers to a warehouse that is established within a specific area with the permission of the customs and can store imported goods or other goods that require customs supervision. These goods do not need to pay customs duties and import - linked taxes before being formally imported.

This article comprehensively introduces the relevant information of bonded warehouses, including the four categories of dedicated bonded warehouses, the various functions of bonded warehouses, and the conditions required to apply for a bonded warehouse. In addition, it also elaborates in detail on the application process of bonded warehouses, including enterprise application submission, customs acceptance, preliminary review, approval by the direct customs, enterprise application for inspection, and the customs issuing a registration certificate, etc.

Dedicated Bonded Warehouse: Specifically used to store goods with specific uses or special types, including liquid bonded warehouses, material - preparation bonded warehouses, consignment - repair bonded warehouses, and other dedicated bonded warehouses. These warehouses can be public - use or self - use.

Liquid Bonded Warehouse: Specifically used to store bonded goods such as petroleum, refined oil, or other bulk liquids.

Material - preparation Bonded Warehouse: Specifically used to store the raw materials, equipment, and their components imported by processing trade enterprises for the processing and re - export of products.

Consignment - repair Bonded Warehouse: Specifically used to store the consigned spare parts imported for the repair of foreign products.

Bonded Warehousing: After goods enter the bonded warehouse, they can be temporarily exempted from import duties and import - linked taxes, relieving the one - time tax - paying pressure on enterprises and increasing trade flexibility.

Simple Circulation - related Processing: Goods in the bonded warehouse can be transferred between special customs - supervised areas and bonded logistics centers, helping enterprises establish distribution and delivery centers.

Distribution and Delivery: Enterprises can utilize bonded warehouses for international entrepot trade. After imported goods enter the bonded warehouse, they can be re - exported to neighboring countries or regions at an opportune time.

Conditions that an operating enterprise should meet: including obtaining the business entity qualification and having business premises specifically for storing bonded goods.

Conditions that a warehouse should meet: It should meet the layout requirements of the customs, and be equipped with facilities and management systems that meet the supervision requirements of the customs, etc.

Materials to be submitted by an enterprise applying for the establishment of a bonded warehouse: including the Application for Bonded Warehouse, the location map and floor plan of the proposed bonded warehouse, etc.

Enterprise application: An enterprise can apply online through the portal website of the General Administration of Customs Internet + Customs - Administrative Approval - Approval for the Establishment of Bonded Warehouse.

Acceptance by the competent customs: Check the completeness and validity of the application materials. If the materials are incomplete or do not conform to the legal form, the competent customs shall notify the applicant of all the contents that need to be supplemented and corrected at one time within 5 working days.

Preliminary review by the competent customs and approval by the direct customs: The preliminary review opinions and approval results shall be completed within 20 working days from the date of accepting the application respectively.

Enterprise application for acceptance inspection: It shall be completed within 1 year from the date when the customs issues the approval document. If the enterprise fails to apply for acceptance inspection without justifiable reasons beyond the time limit or the bonded warehouse fails the acceptance inspection, the approval document shall automatically become invalid.

The customs reviews and issues the Registration Certificate of Bonded Warehouse: Only the bonded warehouse that has obtained the registration certificate can carry out relevant business.

The above content is sourced from the customs release.ZhongShen International TradeAs a one - stop importExport Representationservice provider, it can provide customizedimport and exportSolution. If you needforeign tradeFor import and export agency services, please feel free to contact our company for business inquiries. The consultation hotline is 139 - 1787 - 2118.