![]() Carnet: A legal document that will allow you to temporarily export items to another country and then reimport them back into the US within a year without paying import duties.This is particularly useful for retailers who import a lot of goods into the country, since it allows them to spread out their tax burden by deferring some tax payments to a later time. You only need to pay taxes at the time of removing the goods from the warehouse. Bonded Warehouse: A location managed by the customs office or a government body, where you may store taxable goods and imports subject to duties for business purposes.This is usually done when the buyer expects an increase in demand for certain products and would like to get a discount for making a larger purchase without locking up all of their capital. ![]() The vendor can ship the goods in parts and on any convenient dates within this period.
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