A bonded warehouse means any warehouse or other place licensed by the Director-General of Customs for the deposit of dutiable goods on which import duty has not been paid and which have been entered to be warehoused. Customs duties and other taxes must be paid if the goods are released into the domestic market.
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Bonded Warehouse standard operating procedure have been published and it is fully implemented. License is given by Directorate General of Customs to eligible traders. So far Customs has issued 4 investment warehouse licenses and 5 bonded warehouse licenses, and several other applications are under review.