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Mason Transfer and Grain Co., bonded warehouse on the South Texas Border. Taken by Robert Runyon sometime between 1900 and 1920.. A bonded warehouse, or bond, is a building or other secured area in which imported but dutiable goods may be stored, manipulated, or undergo manufacturing operations without payment of duty. [1]
A whisky bond, a type of bonded warehouse, is a building where whisky on which excise duty has not yet been paid is stored under lock and key. [1]The Cheapside Street whisky bond fire in Glasgow on 28 March 1960 was Britain's worst peacetime fire services disaster.
The cargo was seized [5] and taken to a bonded Customs warehouse. Some weeks later, [ 6 ] Customs decided to return the goods, but demanded that they be exported immediately. The goods were loaded onto a different vessel, a former Trinity House support vessel called the Cornish Maiden . [ 7 ]
Terms include free port (porto Franco), free zone (zona franca), bonded area (US: foreign-trade zone), free economic zone, free-trade zone, export processing zone and maquiladora. Most commonly a free port is a special customs area or small customs territory with generally less strict customs regulations (or no customs duties or controls for ...
HM Customs (His or Her Majesty's Customs) was the national Customs service of England (and then of Great Britain from 1707, the United Kingdom from 1801) until a merger with the Department of Excise in 1909.
The issue was eventually addressed with the construction of enclosed docks to the east of the City, notably on the Isle of Dogs and in Wapping, Blackwall and Rotherhithe, each with their own Legal Quays and secure bonded warehouses. The Customs Consolidation Act 1853 (16 & 17 Vict. c. 107) allowed Legal Quays and bonded warehouses to be built ...
Then, in 1786, Pitt revisited the proposals embodied in Walpole's withdrawn Excise Bill of 1733: the intention had been to reduce customs duty on imported wine and tobacco to a nominal amount and instead impose an Excise duty; on arrival, the goods would be placed directly in a bonded warehouse where they would remain under Excise control ...
A customs area is an area designated for storage of commercial goods that have not cleared border controls. Commercial goods not yet cleared through customs are often stored in a type of customs area known as a bonded warehouse, until processed or re-exported.