Bonded warehousing
Definition and advantages
A bonded warehouse, as defined by the French Customs and Excise Department, is "a customs procedure under which non-European Union goods can be placed for storage by filing a customs declaration". This regime offers a number of financial advantages, such as the deferral of payment of customs duties and VAT until they are discharged by the operator, i.e. when the goods are removed from the warehouse, and the non-payment of these same duties and taxes when the goods are re-exported outside the EU customs territory.
Its usefulness
Warehousing also enables you to have a permanent stock of goods, stored on your own premises, at a service provider's or at another facility such as a port or chamber of commerce, and to use them as and when required. To manage the logistical operations involved in importing and exporting goods, and to cope with the complex flows that need to be tracked and controlled, as well as the ever-increasing number of reporting obligations for this type of warehousing, approved warehouses need to equip themselves with powerful, appropriate and scalable WMS software. These structuring solutions provide them with perfect knowledge of stocks, improve goods traceability and avoid any risk of order-picking errors. They also guarantee their know-how.
