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Home→The Westburn Dictionary of Marketing→B→bonded warehouses

bonded warehouses

Definition:
Warehouses which have been designated by the department of Customs and Excise for the storage of products on which tax is due to be paid. They may be imported or home-manufactured products (e.g. tobacco or whisky). In the case of whisky the Customs officer is also a key-holder. In the case of some imported products the control method may simply be a stock accounting procedure. In some cases additional processing may be done while the product is in bond.

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© Westburn Publishers Ltd 2002, The Westburn Dictionary of Marketing edited by Michael J Baker, ISBN 978-0-946433-01-8. www.themarketingdictionary.com. Entry: [A. J. Brown and Michael J. Baker], [1998].