Warehouse Refresher - November 19, 2013 Edited.pdf - CUSTOMS BONDED WAREHOUSE(CBW DEFINED A Customs Bonded Warehouse is basically defined as a warehouse

Warehouse Refresher - November 19, 2013 Edited.pdf -...

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Bureau of Customs CUSTOMS BONDED WAREHOUSE (CBW) DEFINED A Customs Bonded Warehouse is basically defined as a warehouse licensed by the Bureau of Customs where - Imported articles (raw materials, semi-finished materials, components and packaging materials) - stored without the payment of duties and taxes provided the finished products are re-exported within the prescribed period of time and/or - if withdrawn for local consumption, payment of duties, taxes and other charges shall be required.
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Bureau of Customs RELEVANT LAWS, RULES AND REGULATIONS ON WAREHOUSING
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