- What is a customs warehouse?
- Which goods are subject to customs warehouse procedure?
- What obligations arise when the goods are put into the procedure?
- How and when is the placement procedure in the customs warehouse carried out?
- Summary
It is natural that when we bring goods to the border, it is necessary to arrange them. This process is provided by customs warehouses.
In the article, we will talk about such an important issue as the customs warehouse, its essence, which goods are placed in the customs warehouse, and its terms and obligations.
What is a bonded warehouse?
The customs warehouse procedure allows foreign goods to be stored in a customs warehouse, a warehouse of a customs authority or another place of storage, which does not cause:
origination of import duty payment obligation; The use of protective measures in trade with respect to goods, if the importation of these goods into the customs territory of Georgia or their exportation from the customs territory of Georgia is not prohibited.
Damaged or spoiled goods in the customs warehouse, warehouse of the customs authority or other place of storage as a result of force majeure shall be treated in the customs procedure in the same manner as the goods existing in this form would be treated.
Which goods are subject to customs warehouse procedure?
All goods intended for transfer and sale across the border of Georgia are included in the customs warehouse procedure. The goods, which are considered for various purposes at the border, which can be used for economic purposes, are subject to the customs warehouse procedure and go through all the steps that are required and described in the legislation of Georgia and the customs legislation.
What obligations arise when goods are released into the process?
All goods intended for sale in Georgia are subject to free circulation, which in turn gives rise to various obligations, for example, checking the customs declaration. If the mentioned process is completed successfully and the requirements of the Georgian legislation are fully complied with, the goods will be released immediately.
Also, one of the obligations is to inspect the goods within a reasonable and established time frame.
Obligations of the owner of the customs warehouse and the owner of the customs warehouse procedure:
- Do not release the goods without agreement with the customs authority
- fulfill the established obligations and duties
- To comply with the established permit requirements
How and when is the customs warehouse placement procedure carried out?
It is nacessary to know the deadlines in which the customs procedure is carried out, in order to avoid the complications that will result from violating or exceeding these deadlines.
The storage period of the goods placed in the customs warehouse procedure should not exceed 2 years.
The declarant may extend this period an unlimited number of times, provided that each extended period does not exceed 2 years.
The customs warehouse procedure allows foreign goods to be stored in a customs warehouse, a warehouse of a customs authority or another place of storage, which does not cause:
origination of import duty payment obligation; The use of protective measures in trade with respect to goods, if the importation of these goods into the customs territory of Georgia or their exportation from the customs territory of Georgia is not prohibited.
Damaged or spoiled goods in the customs warehouse, warehouse of the customs authority or other place of storage as a result of force majeure shall be treated in the customs procedure in the same manner as the goods existing in this form would be treated.
The storage period of the goods placed in the customs warehouse procedure should not exceed 2 years.
The declarant may extend this period an unlimited number of times, provided that each extended period does not exceed 2 years.
Summary
Knowledge of the customs warehouse, its terms and factors is a necessary condition for error-free and successful implementation of customs activities.
This process is really not easy, however, experience and knowledge allow you to solve a seemingly complex issue easily and without obstacles.
Contact us, GeorgiaCB's experienced team will help you get the job done with quality.