Many people confuse bonded warehouses, bonded areas and bonded warehouses. In fact, the three belong to different supervision fields in customs supervision, and their operation modes and requirements are also quite different.

Bonded warehouse meaning:

Bonded warehouse is a multi-functional warehouse, which, like overseas warehouses, is used to store goods in the bonded area without paying customs duties.

Bonded warehouse:

Refers to the warehouse established with the approval of the customs to store bonded goods and other goods that have not gone through customs formalities. Bonded warehouses are divided into public bonded warehouses and self-use bonded warehouses according to different users. The public bonded warehouse is operated by an independent enterprise as a legal person in China, mainly engaged in warehousing business and providing bonded warehousing services to the society. The self-use bonded warehouse is operated by a specific independent enterprise legal person in China, and only stores bonded goods for self-use.

Comprehensive bonded area warehouse:

The comprehensive bonded area is a special customs supervision area approved by the State Council, and the customs shall supervise the means of transport, goods and their packaging, containers, articles and enterprises in the comprehensive bonded area in accordance with relevant regulations. Enterprises in the comprehensive bonded zone can carry out research and development, processing, manufacturing, remanufacturing, testing, maintenance, goods storage, logistics and distribution, financial leasing, cross-border electronic commerce, commodity display, international entrepot trade, international transit, port operation, bonded futures delivery and other businesses that can be carried out in the zone as stipulated by the state. Jinyunda Yantian Comprehensive Bonded Area Warehouse is a standard bonded area warehouse.

Comprehensive Bonded Zone is a special customs supervision area with the highest degree of openness, the most preferential policies and the most complete functions in China, which plays an important role in developing foreign trade, promoting industrial transformation and upgrading, and building a dual-cycle development pattern at home and abroad.