ABQ IS AUTHORISED AS A PUBLIC BONDED WAREHOUSE
Public bonded warehouses are a type of exempt customs-recognised and controlled area that allow NON-EU goods to be stored WITHOUT any time limit and without having to pay any taxes until they are assigned a customs-approved treatment or use.
ABQ links your goods to our public 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.
WHAT PROCESSES CAN BE CARRIED OUT AT A PUBLIC BONDED WAREHOUSE?
- USUAL FORMS OF HANDLING: Preserving goods, improving their appearance or preparing them for distribution or sale.
- TEMPORARY REMOVALS: When the usual planned form of handling cannot be carried out at our warehouses, temporary removal of the goods may be requested.
- CONVERSION OF UNITS (COU): When you want to change the type of linkage unit (for example, goods that were bound in physical units and are to be removed in sets of dozens).
- TRANSFERS AND RELOCATIONS: Transfers and relocations to other warehouses can be made under the public bonded warehouse procedure.
BENEFITS
- Financial tool.
- Helps maintain safety stock, shortens delivery times.
- Possibility of returning or destroying damaged goods, thus avoiding tax payments.
ADVANTAGES
- Unlimited goods storage period.
- Tariff and VAT suspension until the procedure is discharged.
- Advance payment of export refunds.
- Non-application of trade policy measures.