Glossary

Bonded Warehouse

A customs-approved store where imported goods sit duty-deferred.

A bonded warehouse is a secured, customs-authorised facility where imported goods can be held without paying duty and tax up front. The charge only falls due when the goods are released into the home market — and not at all if they're re-exported. That deferral frees up cash and lets traders keep stock close to demand without funding the tax bill until the moment of sale.