Bonded warehousing
Shivlabhi Global Logistic provide bonded warehouse services which is operated by a private company in a foreign country under the regulatory supervision of that country’s customs agency.
A bonded warehouse (sometimes called customs warehouse) is a secure storage space where goods liable to certain taxes like Goods and Services Tax (GST) and import duty are stored. The GST and duty payments are withheld until the goods are removed (exported) from the bonded warehouse or sold.
The warehouse is strictly supervised by the respective country’s customs Goods stored in a bonded warehouse can be modified onsite for the local market. These modifications can include:
- Labelling
- Marking
- Testing
- Packaging
- Dilution
- Grading
- Service and maintenance
Inspection of the goods can also be performed in the bonded warehouse.