Customs Excise Department St Vincent the Grenadines Private Bonded Warehouse is any secure building or place appointed by the Comptroller of Customs by notification to be a private warehouse fo ID: 454831
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Pr‹vate Bonded WareŠouse Procedure Customs & Excise Department, St. Vincent & the Grenadines Private Bonded Warehouse is any secure building or place appointed by the Comptroller of Customs by notification to be a private warehouse for the storing and securing of goods without the payment of duties and taxes. Duties and taxes must be subsequently paid via a Customs entry/declaration when there is a request for release of the goods by the importer for home consumption or for export. This type of warehouse is subject to strict Customs Conditions Necessary to Operate a Bonded Warehouse A person who wishes to operate a Private Bonded Warehouse must meet the following requirements as are stipulated under PART VII and VIII of the Customs (Control and Management) Act Chapter 422The applicant must; Submit application in writing to Comptroller of Customs. satisfactory to Customs. e warehouse, the warehouse Keeper must; Ensure that the building be secured with two (2) padlocks for Customs and No goods of any class or description specified in the First Schedule of the may be warehoused. Annual License Fee of for every closed warehouse, for of the quantum of the bond, whichever is greater. by Customs officers at the warehouse. Prepare Customs entries for goods received in or delivered from the warehouse. Pr‹vate Bonded WareŠouse Procedure Customs & Excise Department, St. Vincent & the Grenadines Goods not permitted to be warehoused on Importation Section 48 of the CCMA excludes certain goods from being warehoused on importation. See list of goods in of the Customs (Control and Management) Act The procedures outlined hereunder deal specifically with the requirements concerning the warehousing of goods on the Entry for Warehousing as follows: Entry for Warehousing is prepared by the importer from invoices and other relevant documents. This is submitted to the Customs Inventory Audit Unit, Custfor checking, acceptance and signature. Documents are taken to the Import Station for release of the goods to the Warehouse. At the Warehouse, the goods are tallied and examined, and an account is taken of the contents of the packages by the warehouse keeper and the Customs Officer. er that is assigned. Pr‹vate Bonded WareŠouse Procedure Customs & Excise Department, St. Vincent & the Grenadines