Customs Warehousing is a system whereby you can bring non-Community goods into Greece without having to pay duties and taxes immediately and store them at customs-approved storage spaces (warehouses) for an unlimited period of time. In this way, products remain safe and you can fulfil your obligations without being burdened with extra costs.
Payment of applicable duties and taxes will be made when you remove all or part of your goods from the warehouse to distribute on the domestic market; if you elect to ship to another EU country under Procedure 42, you will pay only the applicable duties. If the warehoused goods are exported to a third country (non-Community), you will not pay either duties or taxes.
Customs Warehousing is a useful tool that makes things easier for merchants and transit centres. Specifically, Customs Warehousing can be used by:
- Transit centres in Greece
- Importers who have not found a buyer yet
- Importers without the necessary liquidity for immediate payment of duties and taxes
- Importers who want protection from tariff quotas
At BMR Customs Brokers, we are highly experienced and familiar with the Customs Warehousing procedure and its combination with other procedures. This allows us to undertake all the required procedures so your goods can be shipped to the customs warehouse after arriving at and clearing customs, and to recommend the appropriate procedure for removing them from the warehouse. Specifically, our customs brokers:
- Will submit the warehousing declaration to allow the goods into the customs warehouse.
- Will submit the appropriate declaration to allow the goods to be removed from the customs warehouse.
- Will advise you and recommend reliable customs warehouses and companies to transport your goods there.
- Take responsibility for accounting for the stock of products in a customs warehouse (analysed to level of item code number).