What are bonded warehouses?
Bonded warehouses are a type of exempt, customs-recognised and controlled area that allow NON-EU goods to be stored indefinitely, without incurring any type of tax.
Goods arriving from non-member countries can be transported to a bonded warehouse by issuing the T1 transit document and corresponding customs seal, and they are subsequently linked to the warehouse by issuing a Customs Warehousing SAD document.
ABQ processes the authorisations required for this customs procedure and offers comprehensive services for managing both private and public bonded warehouses.
- Unlimited goods storage period.
- Tariff and VAT suspension until the procedure is discharged.
- Advance payment of export refunds.
- Non-application of trade policy measures.
- Financial tool that improves cash flow by settling taxes ONLY when necessary.
- Helps maintain safety stock, shortens delivery times.
- Possibility of returning or destroying damaged goods, thus avoiding tax payments.
- Optimises the purchasing policy by allowing imports at the most appropriate times without paying taxes.
- Optimiza la política de compras al permitir importar en los momentos más adecuados sin liquidar impuestos.
ABQ is authorised as a public bonded warehouse. We have bonded warehouses at our facilities in Madrid, which allow our clients to store their goods imported from non-EU countries under an excise duty suspension arrangement, with no time limit to assign a customs procedure with economic impact, be it consumption, transit, re-exports or entry to warehouses for an unlimited period of time.
Types of Bonded Warehouses
Public Bonded Warehouses
Public bonded warehouses allow goods to be stored by any international trading company.
Private Bonded Warehouses
Private bonded warehouses are reserved for the exclusive use of the owner to store their own goods specific to their activity.