Oldenburger|Fritom has a bonded warehouse type C where you can store your goods for an unlimited period of time. Without having to pay import duties or VAT. Many of our customers choose a bonded warehouse when they import goods from outside the European Union. We also offer sufficient storage space.
A bonded warehouse offers the possibility to store goods coming from outside the European Union (EU). You don’t have to pay import duties and/or other taxes. These goods also don’t have to be subjected to commercial trade regulations and agreements. Like anti-dumping duties.
In other words, storing your goods this way can give you economic advantages because duties don’t have to be paid (yet). Bonded warehousing is also a great solution when it is not clear yet where goods will be shipped to. All bonded warehouses in the Netherlands, including the one of Oldenburger|Fritom, are designated and approved by the Dutch customs.
In the Netherlands we distinguish between two kinds of warehouses: public and private. Public warehouses are open to everybody. Private warehouses however may only be used by the license holder. Oldenburger|Fritom as such, is responsible for the storage where we can carry out so-called common value added services:
These activities are aimed at maintaining the quality conditions of your products, improvement processes and/or preparation for distribution. Our activities are listed in the license granted to us by customs.
You have to pay import duties and VAT the moment your goods leave our bonded warehouse. From that moment on they are taken into the so-called ‘free circulation’ of the European Union. If the end destination is outside the European Union, like Switzerland, Oldenburger|Fritom transports your goods with a T1 document.
In that case you only pay import duties and VAT in Switzerland, or whichever other country outside the EU. Please take into consideration customs requires a guarantee that owed import duties and VAT will be paid. Because of this they might demand a bank guarantee or months credit.