Definition of bonded warehouse, Accounting, Basic Statistics

Bonded warehouse is a storage area under Customs authority that is imported dutiable goods on which duty is unpaid and these are stored. Once the duty & other charges are paid the goods are released.
Posted Date: 1/31/2012 5:04:54 AM | Location : United States







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Bond redemption The regaining of control of bonds formerly issued by expense of amount due to the owner.