CBP Bonded Warehouse Application : A Complete Guide for U.S. Importers
Understand Customs Bonded Warehouses, CBP Rulings, FTZs, FMC Licensing, and U.S. Trade Compliance For businesses importing merchandise into the United States, customs compliance is an essential part of managing an international supply chain. Companies may need to address customs classification, bonded facilities, Foreign Trade Zones (FTZs), transportation licensing, customs rulings, and export-control obligations. One important consideration for companies that want to operate a bonded facility is the CBP bonded warehouse application process. A Customs bonded warehouse is a secured facility authorized by U.S. Customs and Border Protection (CBP) where qualifying imported merchandise can be stored under customs supervision without immediate payment of applicable duties. CBP states that bonded warehouses may generally hold imported dutiable merchandise for up to five years from the date of importation, subject to applicable requirements. For companies evaluating a bonded warehouse, ...