A building or other secured area in which dutiable goods can be stored, manipulated, or undergo manufacturing operations without payment of duty.
A customs warehouse is a location that is authorized by customs authorities for storing goods that are either in transit or awaiting payment of customs duties. It is primarily available to defer payment of import duties for the period of time that the goods are in storage.
Customs warehousing also free goods from trade policies, such as the presentation of import licenses, until they are cleared for free circulation or re-export.
Customs warehouses allow the customs authorities to control the movement of dutiable goods and to safeguard customs revenue.
Plants or storage locations are organizational units in an ERP system that can be designated customs warehouses.
More terms such as customs warehouse in Dictionary C.
- Manual Creation Date (SBO):
- Help The date on which a document or a transaction is recorded. The creation date is determined by the date defined in the server customs warehouse definition.
- Manual Cost Flow Assumption:
- Help Concept used to determine the current value of inventories, based on the moving average price and the following inventory movement LIFO (Last In, First Out) FIFO (First In, First Out customs warehouse explain.
- Manual Certification Accountant:
- Help accountant executes certification runs for financing sources with the right parameters at the right time. He or she does that for some or all of the organization's financing sources and projects customs warehouse what is.
- Manual Configuration Value:
- Help differentiating between the business properties of financial transactions. The configuration value is assigned to the valuation model. For example, configuration values are used to sort futures into customs warehouse meaning.
- Manual Cadence:
- Help changes in pitch that occur when speaking a phrase or series that indicates relative position, breaks within the series, and so on. In SpeakAs, cadence generally refers the way that lists of digits customs warehouse abbreviation.
