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What are Custom Bonded Warehouses and Reasons...


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The Warehousing industry is a colossal industry in itself and has been a witness to different diversification and classifications. Warehousing is divided into some of the niche segments, and one of them is the custom bonded warehousing. A custom bonded warehouse is authorized and used for storing the goods that fall under the control of the customs department. The duties and taxes of the goods are waived off while the goods are stored in it during the time window between import and...
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