Bonded Stores
Category: Customs
Definition (plain English)
Duty-free or duty-suspended stores held under customs control for authorized ship, aircraft, or similar supply use.
Why it matters commercially
Bonded stores require tight control over eligibility, stock records, declarations, and use; errors can create duty and penalty exposure.
Example
A ship supplier reconciled bonded stores against customs records before loading provisions for an international vessel.
Common mistake
Treating bonded stores like ordinary warehouse stock without customs authorization and movement records.
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