WHAT IS A TEMPORARY DEPOSIT WAREHOUSE?
Temporary deposit warehouses accept all types of goods with a limited storage period of 90 days.
ABQ has its own temporary deposit warehouse
WHAT HAPPENS WHEN THE STORAGE PERIOD DEADLINE APPROACHES?
THE GOODS MUST:
- Exit for consumption once duties and taxes have been paid.
- Exit to a public bonded warehouse.
- Enter a VAT warehouse. Duties are paid, but not taxes.
- If none of the above occurs, a deadline extension must be requested, or the goods must be destroyed.
TEMPORARY DEPOSIT WAREHOUSE FORMS OF HANDLING
- Prior examination.
- Marking and labelling to identify the packages.
- Repacking.
- Measuring and counting.
- Destroying.
- Care required for perishable goods, animals or plants.
- Sampling.
ADVANTAGES
- Importing goods from non-EU countries under an excise duty suspension arrangement until the exit of the goods.
- Reduced freight costs.
- Increased efficiency in the supply chain.