What is Bonded Terminal?

A Bonded Terminal is a storage area where imported goods can be stored temporarily without payment of customs duties. These terminals are usually located near ports or border crossings to facilitate customs authorities’ inspection and processing of goods.

Bonded terminals provide a secure location for imported goods that customs still need to clear. The goods remain under customs control until the duties are paid or shipped to another location. Bonded terminals may also provide additional services such as packaging, labelling, and consolidation of goods. Using a bonded terminal, importers can defer customs duties until the goods are needed, which can help with cash flow and reduce storage costs.