Via Salvo D’Acquisto, 7/9 – 29016 Cortemaggiore (PC)
A customs bonded warehouse is an approved place where goods can be stored under VAT and excise suspension.
In 2019 Alberti e Santi obtained the authorization of a Private Customs Bonded Warehouse for the Cortemaggiore’s warehouse issued by the Customs Office of Piacenza.
The bonded warehouse has the ability to bring in goods from a foreign country and keep them in suspension of duty and VAT payments.
When the goods are shipped out of the warehouse, at that time the duty and VAT will be settled and the goods can be cleared through customs.
Alberti e Santi handles all customs procedures in both Import and Export from/to non-EU countries.
Advantages of a Customs Bonded Warehouse
‘Customs warehousing’ means that non-Union goods may be stored in any premises authorized by the customs authorities (‘customs warehouses’). The storage may be for unlimited periods, unless the nature of the goods means that they could pose a threat to health or to the environment if stored for a long term.
The great thing about Customs bonded warehousing is that it saves money. When goods are imported and stored at a Customs bonded warehouse, the duties are deferred until the goods leave the warehouse.
Goods can be stored at the warehouse until there is an increase in demand for the goods, at which point the importer will pay duties on the goods as they are delivered to their destination within the country of holding. The goods do not need to be imported all at once.
When the consolidated goods are exported out of the country of holding, the importer isn’t charged duty fees because the goods stayed under the surveillance of Customs—this prevents double taxation.
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