|
A bonded warehouse is a warehouse in which duty on goods stored within need not be paid until the goods are removed from the warehouse. A bonded warehouse is referred to by Malaysian Customs as a 'Gudang Berlesen Awam' or Licenced General Warehouse. A bonded warehouse is therefore a duty free zone, akin to a port.
The term Customs Bonded Area is used in export and import of international trade. This term – Customs Bonded Area – means, the area under customs control where in goods cannot be moved in or out without the permission of customs department.
1 Comment
David Cheong
6/19/2023 09:38:32 am
Enquiry for bonded w/house for duty-not-paid tobacco product.
Reply
Leave a Reply. |
Archives
June 2021
Categories |
RSS Feed