Customs Warehouse is a warehouse in which the merchandise is stored under Customs control in a designated place with no import duties and taxes payment until they are assigned a definitive regime.
Advantages and operation of the customs warehouse
One of the most important benefits of customs warehousing is the improvement in the quality of customer service. This type of warehousing allows companies to have stock available more easily and, at the same time, with much greater efficiency in delivery times. In addition, the merchandise can be shipped out gradually. That is to say, it is not mandatory to sell merchandise on an all-or-nothing basis, but rather adapt it to current demand.
In addition, VAT and duty payments are postponed until the merchandise leave the warehouse thus allowing the total or partial transfer of the sales position to the buyers.