A customs or bonded warehouse is an authorised facility for storing non-Union goods under customs supervision. While the relevant storage procedure applies, import duty and related charges are not due in the same way as on release for EU circulation.[1]
Do not treat it as an ordinary warehouse with a tax discount. Track customs status and permitted operations separately. Release for EU consumption or movement into another procedure requires the corresponding formalities. Deferred charging is not a general tax exemption.
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Compiled with AI assistance using public sources. General explanation, not individual legal or tax advice. Describing a concept does not mean Zoloo offers it as a feature.