What is the difference between bonded warehouse, supervised warehouse and ordinary warehouse?

Many people don't know the difference between these three warehouses, and what are their characteristics?

01 What is a bonded warehouse?

Bonded warehouse refers to a warehouse established for importing goods with the approval of the customs, and is not subject to the control of customs laws and import control regulations. Imported goods stored in bonded warehouses can be modified, graded, sampled, mixed, reprocessed, etc. in the warehouse upon approval. If they need to be re-exported, they are exempt from tariffs, and if they need to enter the domestic market, they must pay tariffs.

The storage period of bonded warehouse goods has clear regulations in various countries. In addition to facilitating the needs of traders, the establishment of bonded warehouses can also promote entrepot trade.

Its functions are positioned as three major functions of "bonded warehousing, export processing, and entrepot trade" and enjoys the policy of "license-free, tax-free, and bonded".

02 What is a customs supervision warehouse?

Customs supervision warehouse refers to the import and export, transit, transshipment, and customs clearance goods approved by the customs, as well as bonded goods and other inbound and outbound goods that have not gone through customs formalities.

Some of these warehouses are managed by the customs itself, but with the increase of import and export business, the customs, as an administrative management agency, has a lot of inconvenience in self-management.

In fact, bonded warehousing is also a kind of bonded storage. Its function is similar to that of foreign bonded areas. It is mainly to store goods and luggage items that are picked up by the owner after entering the country, or arrive without a certificate, incomplete documents, incomplete procedures, and violation of customs regulations. , the customs will not release the goods that need to be temporarily stored in the customs supervision warehouse waiting for the customs to process.

There are two deadlines for goods stored in customs-supervised warehouses. If they are stored for more than 14 days without declaration, the customs will impose a late declaration fee; if they have not been picked up for more than three months, they will be deemed to abandon the goods. According to the provisions of the sale, the money will be returned to the treasury.

03 What is a common warehouse?

Ordinary warehouses are general daily-use industrial products or agricultural and sideline products that do not require special storage conditions.

The technical facilities of this kind of warehouse are relatively simple, only general equipment, such as access, loading and unloading, handling, commodity maintenance, safety and fire protection, etc., and do not need special equipment, such as heat preservation, refrigeration, air conditioning, anti-virus, etc.

It can only store commodities with relatively stable physical, chemical and biological properties without interfering with each other, such as daily necessities, knitwear, hardware, medical equipment, and local products.

Due to its strong adaptability and high utilization rate, the common warehouse has become the most widely distributed, largest proportion and most commonly used conventional warehouse in the storage network.

04 What are the advantages of each?

The price of ordinary warehouse is relatively low, and it is also the most common type of warehouse. It is very suitable for storing goods and transferring goods, and is very popular among the public.

If the products in the bonded warehouse are re-exported, they will be exempted from paying tariffs; if the goods have entered the domestic market, they will need to pay tariffs. Can save a lot of expenses.

Ordinary warehouses cost less than bonded warehouses, but if the goods are stored for a long time, storing in bonded warehouses can save a lot of rental fees, and if goods stored in customs supervision warehouses are stored for more than 14 days without declaration, the customs will charge delayed declaration gold.

The supervised warehouse is the inspection of import and export, transit, transshipment, customs clearance goods, as well as bonded goods and other inbound and outbound goods that have not gone through customs procedures.

Supervised warehouses help to prevent mixed loading and storage of international and domestic goods and imported and exported goods. It has perfect fire prevention and anti-theft measures.