Entrepot trade by bonded areas
Based on this dataset, countries are able, for example, to provide their data following both the special and the general trade system. In the European Union, the following elements of information are compiled: The customs procedure code defines the difference between general and special trade, while the transaction code determines other factors like change of ownership. B for the list of nature-of-transaction codes used in the Extrastat system of the European Union.
A t tachments 0 Page History. Powered by Atlassian Confluence 5. Aid or donation between Governments or by international organizations. Permanent export after temporary export for return in unaltered state. Entry for home use after temporary admission for return in unaltered state. Temporary import for return in unaltered state after customs warehousing. Reimport after temporary export for customs outward processing procedure.
Storage in a bonded warehouse does not mean the goods are locked down and inaccessible. Importers are usually permitted to mix, divide, and pack stored goods to ready them for marketing, export, or other purposes. Goods intended to be re-exported are entirely exempt from duty payment.
The importer may endorse their warehouse receipt or warehouse bond to sell or transfer the stored goods. The importer may use the goods stored in bonded warehouse as collateral for acquiring bank loans — before having paid import tariffs. In need of a bonded warehouse in the Atlanta or Savannah areas?
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