Bonded warehouse
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A bonded warehouse is a warehouse used to store imported goods prior to payment of duties and taxes. This is typically done to postpone the payment of duties and taxes until the products are sold or shipped off. This can be particularly useful when products are received well in advance of sale or when a portion of the product received may eventually be returned or scrapped (thus preventing paying import fees on items not sold). Bonded warehouses are licensed by the government. See also foreign trade zone (FTZ).[1]
