Kokusai Express Japan provides you with the best options for CFS bonded warehouse solution.
Based on the logistics centers located in major strongholds, Kokusai Express has built the logistic network and manages and stores cargo on a safer basis thanks to its skilled personnel modern equipment and RFID service.
The company’s bonded overseas and domestic warehouse solutions are close to container yard (CY), enabling an effective response to customs clearance works as well as export/import container cargo loading/unloading works.
What should you know about Bonded Warehouse? Importance of bonded warehouse in world’s economy
Many people don’t know how bonded warehouse works. Simply, it is an area, building, secure location where you can storing, manipulating goods without payment of duty. The bonded warehouse can be managing by the state or private. The government owns many bonded warehouses but they are also can be in property of private companies. The system of export and import in bonded warehouse exist in all developed countries in the world. But, every country has different rules and ways how they operate. Bonded warehouse which is in private possession requires custom supervision and posted customs bond. They are many types of bonded warehouses but in the further text will be talking about CFS bonded warehouse.
Warehouses are important for world’s economy. Because it is an essential piece in the system of international import and export procedures. There are many procedures that make import and export process easier and more economic. It is important for the constant growth of the world’s economy. That’s way bonded warehouse procedures have a big rule in world’s economy. Using warehouse helps importers and exporters to store their goods while they are regulating other different procedures.
CFS Bonded warehouses are mostly useful for exporters. This is because these allow them to export merchandise and store it duty-free for up to five years.
When the goods enter in bonded warehouse, importer and owner of warehouse incur liability under a bond. This liability is generally canceled when the goods are:
– exported; or deemed exported;
– withdrawn for supplies to a vessel or aircraft in international traffic;
– destroyed under Customs supervision; or
– withdrawn for consumption domestically after payment of duty.
What is CFS Bonded Warehouse?
CFS bonded Warehouse is a warehouse where goods of importers and exporters are grouping or de-consolidating before their further exporting.
CFS bonded warehouse can operate by a shipping line or by groupage operator. CFS bonded warehouse for exporters serves for packing goods. And for importers, CFS bonded warehouse is a place for goods after unpacking.
Advantages of using a Kokusai Express CFS bonded warehouse
As we mentioned, the CFS bonded warehouse is very important in the world’s importing and exporting of goods.
When the goods storing in the bonded warehouse they can be manipulated by cleaning, sorting, repacking, or otherwise changing their condition under supervision by the customs authority. After this process, you can export goods without payment of duty.
Also, the bonded warehouse can provide specialized storage services. This refers to deep freezing, bulk liquid storage, commodity, and transportation with coordination. All of this represents a crucial part of global supply chain.
They are many advantages of using bonded warehouse but these are most important.
Importers don’t have to pay a duty
Importers or owners of warehouse don’t have to pay import duty on goods which are purchasing or trading internationally. This advantage of using bonded warehouse is really important for importers because it saves their money and gives them control of finances.
Storage of goods in warehouse can be long term
Storage time can be unlimited or limited for several years. For importers, it is a great way to wait until products increase. It helps importers to manage their money because exporting or removing goods from warehouse for consumption requires a duty. So, importers can wait an increase in demand usually equals an increase in revenue.
Storage of goods for the long term is also good for exporters. They have time to find purchasers and they can manage their finances with sufficient time. So, you will only pay duty when the merchandise is accounted for. If exporter can’t find a buyer, the merchandise can be exported back without paying duty. This system of storing and not paying a duty allow exporters to have a more stable financial plan.
Bonded warehouse definitely has benefits for importers who sell goods. For example, suppliers of food, tobacco, and wine are using bonded warehouses.
- A bonded warehouse is good for importers because no tax has to be paid until the goods are sold. It means you pay a tax when cash flows.
- When goods are exporting, no duty will be payable in the country, just in the destination. This means you can avoid double payment.
- You can import and store goods in advance so they are waiting for peak season.
- Bonded warehouses often have specialized facilities such as deep freezers to store good that need it.
- Onward transportation when the goods are sold and the duty paid is also part of the bonded warehouse fulfillment service.
- Inward and outward customs documentation is also provided by the bonded warehouse facility.
Export/Import Bonded Warehouse
- Unloading and storage service of customs cleared export/import cargo
- Unloading and storage service of cargo ate the CY of the arrival port and direct customs clearance of cargo at the pier
- Customs inspection and quarantine agency service
- Trans cargo handling service between third countries
Customs Bonded Area
The term Customs Bonded Area is using in international trade of export and import of goods. This term means – the area under customs control where goods cannot be moving without the permission of customs department.
What is customs bonded area in exports and imports? How Customs does bonded area work in Export Import Trade?
When cargo is in the bonded area you can’t move it without customs permission. But, also, if you want to do any job inside this area you also need permission.
Any goods moving in and out of the country is under the control of government and agency Customs Department. So, each customs location has a customs bonded area.
When you want to move well out of Customs bonded area for export, you need to complete export customs clearance procedures. These procedures include examination and procedures and formalities of the country.
When you are importing goods, they are moving to a customs bonded area at the customs location first. After you complete all of the necessary import customs clearance procedures and formalities, the goods are moving out from such Customs Bonded Area to the importer’s place. This means every good that is moving in the country, first is moving to customs bonded area. Then, goods can move from customs bonded area, after goods get necessary permission from customs.
Customs Bonded Area in a Customs Bonded Warehouse
If the importer doesn’t take delivery of good at the arrival, he can store goods in a customs bonded area. The importer doesn’t have to pay a duty immediately. He can pay it and take goods when he requires. The importer can move goods when he wants and part by part. The importer files necessary import documentation for warehousing immediately up on arrival of import goods. Also, he arranges to move goods to a customs bonded warehouse, which is a customs bonded area. But, when the importer requires moving imported goods to his place, he pays necessary duty amount to customs.
Differences between bonded warehouses and FTZ warehouses
For many, bonded warehouses are similar to FTZ warehouses. But you should know that bonded warehouses are under control and supervision of the customs officials.
The major difference is that the bonded warehouse can hold only foreign goods. Each good must have a customs entry filed and duties and tariffs are assessed upon entry. Also, customs control of all goods and determine when and how they can be moved. If you are choosing between FTZ and bonded warehouses, you should take into account control over the process and geographic flexibility. Some organizations are using FTZ while others like benefits of bonded warehouses.
There are multiple benefits of both programs. Both are including delayed duty and the ability to re-export goods without penalty. But, choosing the right one for you depends on what program is the closest to your business.
Bonded Device Yard, Carry in/Out Cargo Flow
- After the ship arrives, the cargo is loaded into the bonded areas.
- The next step is the transportation of the cargo to the bonded device yard. In accordance with the procedures set forth in the Customs Act for bonded transport.
- In the end, after the carry-in procedure and customs clearance, the cargo is transported to the place which the customer designated.
- The exporter sends the cargo to the bonded area.
- Before the shipping, the cargo undergoes the customs clearance. And prepared for the transportation.
- Being authorized for export, the cargo may be loaded onto the ship, and after that the ship departures.
Using Kokusai Express Bonded Warehouse: Why you should use our export/import cargo storage?
Kokusai Express Bonded Warehouse areas are using for storage and distribution of imported and exported merchandise worldwide.
Our bonded warehouse area is available to any importer, exporter, and distributor that needs short term or long term storage for goods.
Kokusai Express offers you many bonded warehouses in Japan. Include Tokyo, Yokohama, and Osaka. With our expertise and technology, all goods can connect with Japanese ports and airports. So, we offer the export/import cargo competitiveness to customers.
Your goods are preparing for consumption, exporting, manipulating with determined specifications and procedures. You will also avoid duty charges while the cargo is in the bonded warehouse. In Kokusai Express bonded warehouse your cargo can be stored in frozen or dangerous warehouses if needed.
Our company offers processing services for product inspection, delivery, packing and re packing, logistics services, classification, and labeling. All of these is doing for reducing customers costs, ensuring that goods delivery is on time.
Our warehousing allows you to store your cargo in short and long term in Japan. Multiple locations of bonded warehouse offer you many capabilities and airport pick up. For Kokusai Express clients, this service means a large reduction in lost or damaged goods.
Kokusai Express Japan has a network of trusted international partners and all of them have high standards for rapid and safe storage solutions for your goods. Many handling solutions with bonded warehouses give you less stress, fewer costs and easier importing and exporting of goods.
Warehousing options in Kokusai Express Japan include Long term warehousing, Short term warehousing, and Heated Warehousing area. We offer you consolidation and distribution, also convenient locations and palletizing and stretch wrapping.
So, if you decide to store your goods in Japan with Kokusai Express warehousing, contact our company for more information. We have a professional team that will help you to understand anything about import and export of your goods.