People who import goods can use a location to store the goods before use in the country they are in. This is where a Customs Bonded Warehouse can be used. With the way the current international market functions, sometimes you may want to avoid paying duties on an imported item for a certain period of time.

This is what a Customs Bonded Warehouse does for an importer. It allows for a certain measure of control over one's own purse strings. The Development of bonded warehouses is designed to help particularly if an importer takes a while to sell his or her products.

While not all products are eligible for storage in a warehouse, it can save someone a lot of money in the long run. The most common scenario is this: An importer brings an item to a country to sell. He keeps it in a warehouse to avoid paying duties until he sells it. He is unable to sell it, so he takes it somewhere else. This way he avoids paying duties on it altogether, because he never removed it from his warehouse. This works this way for up to five years.

The benefits of these warehouses are fairly obvious to an importer and can help tremendously in easing excess costs. However, one should check with Customs and Border Protection to be sure that these items can be kept. If there are items in violation of this policy, they can destroy the items at any time, which is never desirable.