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bonded warehouse |
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bonded warehouse n
(Business / Commerce) a warehouse in which dutiable goods are deposited until duty is paid or the goods are cleared for export How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Operators of warehouses with FTZ designations have more responsibility than those of regular bonded warehouses because they can break container seals themselves. Under the new law, however, a bonded warehouse operator- not just an importer or exporter-can win a concession to run manufacturing, assembly and distribution centers. His business interests include Weymouth Management Corporation, Avon Bonded Warehouse, and the New South Athletic Company. |
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