Goods that enter the customs territory of India from outside may be stored under the supervision of (Indian) Customs.
While the goods are in the bonded warehouse, they may, under supervision by the customs authority, be withdrawn for consumption upon payment of specific duty as per withdrawal quantity and at the rate applicable to the goods at that point of time. This enables you to import goods in bulk quantity without the need to pay import duty on entire bulk quantity. This enhances your bargaining power with the exporter.
Our bonded warehouses are administratively controlled. Due to the intensive administrative control, the number of physical checks is reduced dramatically.