There are many benefits available to companies by taking advantage of the Customs Warehouse procedure, as the following list shows:
Delay paying Import Duty and/or VAT on imported goods indefinitely
Defer payment of Import Duty and/or VAT for up to 45 further days for goods imported, warehoused and distributed within the same EU country
Defer payment of Import Duty for up to 45 further days and do not pay VAT for goods imported and warehoused in one EU country and distributed to a different EU country
Do not pay Import Duty or VAT on goods imported then exported outside the EU
Delay having a Customs treatment applied to imported goods
Warehouse goods where there is a problem meeting particular import requirements (such as certain import licensing requirements)
Pay reduced Import Duty and/or VAT on revalued goods
Carry out quality control checks on imported goods without payment of Import Duty and VAT
