Defer taxes until the goods are sold, or removed from the bonded warehouse.
There are many advantages to using a bonded storage facility, these include:
Deferred payments mean no tax is paid until the goods are sold or removed from the warehouse, improving cash flow. This can be somewhere between 23% -33% of the up-front cost of imported goods.
If you intend to export the goods, no duty will be payable in Ireland but paid in the country of destination. This avoids double payment of tax, a notable cost saving.
Another benefit is certainty of supply. Goods can be imported and stored in advance of peak usage, so they are available for order fulfilment without delays improving customer service.
Our bonded warehouse includes temperature controlled storage. We can also store ‘Wet’ or ‘Dry’ goods.
Onward transportation when the goods are needed, and paying the duty, is also part of our fulfilment service.
The bonded warehouse team also provides inward and outward customs’ documentation.