Types of Bonded warehouses

Manufacture type:

Person interested of establishing bonded warehouse of manufacture type are exempt from the payment of import duties and taxes. This bond is created for the manufactures who are importing goods for the purpose. This bond is applicable only when the goods are imported and stored for the purpose of re-exporting. In manufacturing type, goods are subject to duties and taxes, if they are released for the purpose of domestic use.

Vessel repair or construction type:

Business official create this bonding type. This bond is created for the vessel repair or for construction type. In vessel repair or construction type, when the goods are imported the taxes and duties are free. Official can arrange this bond when they are importing vessels or goods for construction purpose.

General type:

It is public bonded warehouses which provide storage services for the goods imported and for packing and repacking, loading and distributing of goods. Customs considers it is suitable to support manufacture, industrial actions and international deal for period after the importation.