Bonded Goods

Bonded goods refer to goods that are approved by customs to enter the country without completing tax payment procedures, and are stored, processed, or assembled domestically before being re-exported. Their core characteristic is the deferral of import duties and import-related taxes, subject to customs supervision. Usage scenarios include: bonded warehouses, bonded factories, bonded zones, export processing zones, etc. Precautions: Goods must be re-exported within the specified period or undergo formal import procedures; without customs permission, they must not be transferred, mortgaged, or used for other purposes; account books meeting customs requirements must be established and regularly verified. Difference from 'duty-free goods': Duty-free goods are permanently exempt from tariffs, while bonded goods are temporarily deferred, and may ultimately be taxed or exempted. Difference from 'temporarily imported goods': Temporarily imported goods are usually for specific purposes such as exhibitions or testing, while bonded goods focus on storage and processing. Foreign trade practitioners need to accurately understand the regulatory requirements for bonded goods to avoid compliance risks.