US Customs Bonded Storage Parker has class 3 and 8 bonded warehouse space housing both long and short term tenants. Imported dutiable merchandise can be stored or manipulated without payment of duty for up to 5 years from the date of importation. Imported merchandise stored in Parker's bonded warehouse can be cleaned, sorted, repacked. The advantage of storing in a bonded warehouse is duty is not collected until the merchandise is withdrawn for consumption. An importer, therefore, has control over use of his money until the duty is paid upon withdrawal of the merchandise. If no domestic buyer is found for the imported articles, the importer can sell merchandise for exportation, thereby eliminating his obligation to pay duty.
US Customs
Parker has class 3 and 8 bonded warehouse space housing both long and short term tenants. Imported dutiable merchandise can be stored or manipulated without payment of duty for up to 5 years from the date of importation. Imported merchandise stored in Parker's bonded warehouse can be cleaned, sorted, repacked.
The advantage of storing in a bonded warehouse is duty is not collected until the merchandise is withdrawn for consumption. An importer, therefore, has control over use of his money until the duty is paid upon withdrawal of the merchandise. If no domestic buyer is found for the imported articles, the importer can sell merchandise for exportation, thereby eliminating his obligation to pay duty.
