Definition: Customs warehousing

Customs terminology

Customs warehousing "means the customs procedure under which imported goods are stored under customs control in a designated place (a customs warehouse) without payment of import duties and taxes... imported goods are not the only goods which may qualify for customs warehousing... Storage in customs warehouses should [also] be allowed for goods which are entitled to repayment of import duties and taxes when exported... [and] goods that have previously been dealt with under another customs procedure... [This] makes it possible for the customs authorities to grant discharge of such other customs procedure or to repay the import duties and taxes, as the case may be, before the goods are actually re-exported” (Kyoto Convention, annex E.3, definition (a); introduction, para. 5; and recommended practice 3).
"The International Convention on the simplification and harmonization of Customs procedures" (Kyoto Convention), quoted in United Nations, "International Merchandise Trade Statistics - Compilers Manual (Edition 2004)", United Nations, New York, 2004

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