A special warehouse for shipments where the importer is exempt from paying duty on foreign goods that will be re-exported. The bonded warehouse allows for the delay of payment of customs duties until the owner moves the goods into the final destination.
Place where imported goods can be placed securely under bond. A secure warehouse in which imported goods not yet inspected and cleared by customs are stored until all duties are paid or alternatively until these goods are re-exported or otherwise properly released.
A warehouse authorized by Customs Authorities for storage of goods until customs duties are paid or the goods are released in some other proper manner.