How can our activity be defined? Customs warehousing conducted by our agency is a term from the Union Customs Code, which denotes a special procedure for the warehousing of goods imported from outside the European Union or passing through the EU for export outside the EU or within the EU, but after prior processing.
A Temporary Storage Warehouse (TSW) overseen by our customs agency allows goods to be temporarily stored at a specific location without the need to conduct formalities and pay import duties and taxes. This optimizes the costs associated with importing and exporting goods and facilitates the movement of goods across borders.
How do customs warehouses and Temporary Storage Warehouses operate?
Goods stored in both a warehouse and a Temporary Storage Warehouse are subject to inspection by customs authorities, who ensure that they are not used for illegal activities or introduced to the EU market without complying with legal requirements. Goods can be stored in a TSW for a certain period of time, depending on the type of goods and other circumstances. After this time, the goods may be declared for further customs procedures, processed, or, following the release procedure, transported to their final destination.
TSWs are used by enterprises that trade with non-EU countries or are transporting goods across the EU with an unknown destination at the stage of placement in a temporary storage facility operated by our agency – for resale. TSWs allow these enterprises to temporarily store their goods in a safe place without having to complete additional formalities and pay customs and tax duties.
Legal provisions concerning the operation of customs warehouses and Temporary Storage Warehouses
It is often the case that warehouses are located close to airports, seaports, transshipment terminals and land borders, where most international trade in goods takes place. European Union legislation regulates the structure of entities in this industry. They are classified as either private or public, depending the permit owner and whether the goods to be stored there are to be acquired by the permit owner or are typically the subject of a transactional service. Our agency is a private entity.
The owner of a license to operate a customs warehouse or a Temporary Storage Warehouse undertakes to comply with customs legislation, to keep proper records of the goods stored and to meet all technical and safety requirements.
Operating such a warehouse requires knowledge and experience. AC Porath Customs Agency offers TSW services to its clients, providing tools alongside experienced and professional staff.