Get the free Bonded Warehouse Proprietor’s Submission - fws

This form is filed annually by warehouse proprietors to help U.S. Customs and Border Protection evaluate warehouse activities for the year, detailing bonded merchandise entered, released, and manipulated.

How to fill out bonded warehouse proprietors submission

How to fill out Bonded Warehouse Proprietor’s Submission

1. Begin by gathering all necessary business information, including the legal name of the bonded warehouse proprietor.
2. Provide the warehouse address, ensuring it is complete and accurate.
3. Fill in the contact information for the proprietor, including phone number and email address.
4. Detail the type of goods that will be stored in the bonded warehouse.
5. Indicate the expected volume and frequency of goods entering and leaving the warehouse.
6. Provide information on any security measures in place at the warehouse.
7. Sign and date the submission form to verify that all information provided is accurate.

Who needs Bonded Warehouse Proprietor’s Submission?

1. Businesses that operate or intend to operate a bonded warehouse.
2. Importers who wish to store goods under bond without paying duties immediately.
3. Logistics companies managing storage of goods subject to customs regulations.

People Also Ask about

What is the difference between a bonded warehouse and a Freeport?

A Custom bonded warehouse is an authorized facility where imported goods are stored. While a private warehouse is owned or rented by a single entity. What is a Bonded Warehouse? A bonded storage warehouse is a secured facility approved by the government.

What is another name for a bonded warehouse?

It is also known as Public Customs Bonded Warehouses.

What are the requirements for a bonded warehouse?

The warehouse must be secure and have adequate measures in place to protect the goods stored within it. All goods that enter the warehouse must also be documented, and any new goods entering the facility must be checked by customs officials.

What is called bonded warehouse?

A bonded warehouse (or customs warehouse) is a secure storage facility where shippers can store their imported goods without needing to immediately pay import taxes and duties. To put it another way: when goods are held in bonded warehouses, they're considered to be still in transit to their final destination.

What is the difference between a bonded and an ordinary warehouse?

Bonded warehouses are typically located near ports or airports, facilitating smoother import and export processes. Freeports, on the other hand, are designated areas with special economic status, offering additional benefits such as tax exemptions and simplified customs procedures.

What is the difference between bonded and FTZ warehouse?

The primary distinction lies in customs regulations and the timing of duty payments. Bonded warehouses allow for the deferral of customs duties and taxes until the goods are removed for domestic consumption or re-export. In contrast, non-bonded warehouses necessitate immediate payment of duties upon import.

What is the difference between a warehouse and a bonded warehouse?

Exemption from paying taxes: In bonded warehouses, no taxes are paid until the goods leave the warehouse; while in non-bonded warehouses, not having to pay VAT at the time of purchase or sale benefits both buyer and seller.

What is not allowed in a bonded warehouse?

Only foreign goods are allowed to be stored in bonded warehouses. An FTZ may include both domestic and foreign merchandise. Entry payment. Entry must be paid at the time goods enter a bonded warehouse.

What is the difference between a bonded warehouse and a private warehouse?

Duty Paid Warehouse vs Bonded Warehouse: Duty Paid Warehouse: A warehouse where goods are stored after the import duty has been paid. Bonded Warehouse: A warehouse where goods are stored without payment of duty, under the control of customs authorities, until the goods are cleared for import.

For pdfFiller’s FAQs

What is Bonded Warehouse Proprietor’s Submission?

The Bonded Warehouse Proprietor’s Submission is a document required by customs authorities that provides information on the operations and inventory of goods held in a bonded warehouse.

Who is required to file Bonded Warehouse Proprietor’s Submission?

Bonded warehouse proprietors or operators who manage bonded facilities are required to file the Bonded Warehouse Proprietor’s Submission.

How to fill out Bonded Warehouse Proprietor’s Submission?

To fill out the Bonded Warehouse Proprietor’s Submission, proprietors must complete the required fields accurately, providing details about the goods, quantities, and any relevant customs information as specified by the customs authority.

What is the purpose of Bonded Warehouse Proprietor’s Submission?

The purpose of the Bonded Warehouse Proprietor’s Submission is to ensure compliance with customs regulations, monitor the inventory of imported goods held in bond, and facilitate the tracking of goods that have not yet cleared customs.

What information must be reported on Bonded Warehouse Proprietor’s Submission?

The information that must be reported includes the description of the goods, quantities, entry numbers, dates of receipt and storage, and any customs duty information applicable to the items stored.