Customs Bonded Warehouse
Introducing Best Roadways | Customs Bonded Warehousing at JNPT
Customs bonded warehouse involves, the storage of imported goods in a bonded warehouse for the purpose of re-exportation shall be exempted from payment of import/export taxes and duties, regardless of being exported in the same nature as imported or in the nature of having been produced, mixed or assembled as other goods.
In the nature of international trade practice, in several cases, it is not known at the time of Imports, how the imported goods will finally be disposed of. This means that the importers are obliged to store the goods for more or less long period.
It is, therefore, in the importers interest to place these goods under a Customs procedure which obviates the need to pay import taxes and duties or delay the payment of taxes and duties.
Recognizing the need of the importers, The Central Board of Customs has provided in its national legislations for Customs warehousing procedures at various major ports in the country, including JNPT. It allows the importers to store the goods for more or less long period without payment of taxes and duties until the goods are actually taken for domestic consumption
Bonded Warehousing Mumbai
The notion of ‘bonded warehousing’ was primarily tried out at Whitefield (Bangalore). The importers were able to store cargo and cause partial releases thus deferring duty payment to Customs, and together releasing the international (ISO) container in which the cargo is imported.
Bonded warehousing provides a dual benefit to the importer. On the one hand, it enables the deferral to duty payment, and on the other hand, allows for cargo to be stored under the relatively affordable option of warehouse storage as against holding on to an ISO container for which dollar charter rentals accumulate on the importer.
There’s an increase in demand for bonded warehousing in different parts of the country. Best Warehousing has an exceptional benefit in delivering this service. Its warehouses are situated in close immediacy to the sidings/ ICDs where imports come in the first place. This makes the bonding of cargo a very cost-efficient alternative, as there’re practically no transfer costs included in the movement of cargo from landing facility to a chosen bonded warehouse.
In order to strike into this highly productive division of the business, bonded warehousing facilities have already been made operational by Best Warehousing at its terminal in Mumbai and JNPT.
Custom Bonded Warehousing Services
We are engaged in delivering Custom Bonded Warehousing Services to our clients. Our warehouses possess few special features like totally fireproof, no issue of electrical short circuit and a completely hygienic environment that makes it a well-equipped unit. Our squad of professionals monitors and look after our clients’ consignments making sure complete security. These warehouses are built on-site and off-site locations based on the client’s needs. In addition, we provide this Custom Bonded Warehousing Services at very affordable prices.
Our Bonded Warehousing Services are highly applauded by our appreciated clients for their flexibility, efficiency, and on-time completion. Our warehouses possess lots of space for storage of commercial consignments. To take care of customer consignments, our warehouse is totally protected with insects and fire. We have outfitted our warehouses with 24x7 power back up. Moreover, with the help of advanced technology our team of professionals keeps an active eye on consignments to make sure its protection. We deliver these Bonded Warehousing Services at very feasible prices to our clients.
With our sound experience in the industry, we’re capable of offering our clients Bonded Warehousing services in an effective manner. Delivered services are provided under the administration of our professionals, who are highly experienced in their field. For delivering these solutions in an expedient manner, we hold a large warehouse that can effortlessly house the need of small as well as big business houses. Additionally, the provided Bonded Warehousing Services are offered in obedience with the international standards using advanced technologies.
If you’re planning of developing your business at a global scale, it would be essential to store your products in one of the bonded warehouses. The choice of using such a facility is likely to open up various prospects. The reason why such warehouses are of massive significance is that the shipment or cargo is amassed with authorization and in complete security until it’s delivered.