Pay Duty And Tax Only When You Need To With Bonded Warehousing
Warehousing costs can eat away at your profits if it’s not maximized correctly. Furthermore, persistent stamp duties, taxes and inspections of your goods can be disruptive to your business.
What you need is a warehouse storage solution partner in Singapore. Having an external warehousing partner can help you save costs and defer duties and tax until your assets are delivered. This means more flexibility to free up your cash flow for the more critical demands of your business.
Bonded Warehouse Logistics Hub Singapore
Halcon Primo Logistics owns a licensed warehouse under the Zero-GST Warehouse Scheme (ZGS) otherwise known as a Bonded Warehouse.
Our bonded warehousing service helps you to optimise warehousing costs and reduce costly overheads when you partner with us. You can store imported non-dutiable goods for an indefinite period and on top of that, Customs Duty and Goods and Services Tax (GST) are suspended until your goods are removed from the licensed warehouse for local use or consumption.
Simply put, with a licensed bonded warehouse in Singapore you can reap the benefits of:
- Deferred customs duties and taxes,
- Maximum cargo security,
- Smoother international shipping processes for imports and exports with easy customs clearance and administrative paperwork done for you
Looking for the perfect long-term storage solution for your organization? You can rely on our full suite of bonded warehousing services.
All-rounded Services To Store Your Assets
Giving your full attention to optimising every detailed warehousing procedure can be a mammoth task for a single business to handle. That’s where we come in. Our bonded warehousing service is not just a regular warehouse rental in Singapore. HPL offers all of our clients the opportunity to tap on our in-depth knowledge, expertise, and even human resources to solve any storage problems you might face during your time with us.
Security As A Priority
Gain access to our premier storage warehouse with 24-hour CCTV surveillance, active stock checks, tracking of your assets, and supervision operations by our in-house team and the Singapore Customs authorities.
You can rest assured that goods stored in our bonded warehouses in Singapore receive top-quality security. As a certified and reliable bonded warehousing partner, we go the extra mile to safeguard your goods. Only restricted personnel have the access and control to your cargo and HPL also gives you unrestricted entry to security and control of your cargo, to ensure your peace of mind.
Get In Touch To Begin Safe Storage For Your Assets
Stow your assets away in a safe space with our bonded warehousing services. Consult our specialists today for any rent enquiries about warehouse storage space. Discover better supply chain and warehouse storage solutions for your business, and explore a world of options with HPL today!
Specialized Solutions For Any Industry
HPL provides Integrated, Customised, and Seamless bonded warehousing, supply chain, and other logistics solutions for business in Singapore. Our specialised industries include:
Our team of trained specialists understand your unique industry-specific needs and obstacles. Find out more about our specialised logistics services. HPL is constantly striving to fulfil the most challenging objectives with professional operational execution.
Keen to Find Out More?
All Your Go-To Cargo Logistics Company, talk to us today.
Halcon Primo Logistics is an Ordinary Member of the Singapore Logistics Association and has attained ISO accreditation in recognition of our top-quality logistics services. As a one-stop all-in-one cargo logistics company, we are here to provide value-added services to help you manage your cargo better. Talk to us today to find out more about our services.
FAQ About Bonded Warehousing
Under the Zero-GST Warehouse Scheme (ZGS), companies are allowed to import and store non-dutiable goods in a bonded warehouse for an indefinite period of time.
To combat risks of terrorism financing or money laundering, HPL and other bonded warehousing providers in Singapore are required to furnish Singapore Customs with relevant security and ownership information during the storage process.
Items that cannot be stored in a bonded warehouse include:
- Dutiable goods (e.g. motor vehicles, petroleum products and biodiesel blends, tobacco products and intoxicating liquors
- Locally-acquired or locally-manufactured goods (i.e. Goods acquired or manufactured in Singapore)
- GST-paid goods
If your shipment includes a mixture of items that can and cannot be stored in a bonded warehouse:
- All dutiable goods must be stored in a licensed warehouse separate from the bonded warehouse
- Locally-acquired, locally-manufactured, or GST-paid goods can be stored in non-designated areas of the same bonded warehouse
You can defer GST and other applicable customs taxes when the bonded warehousing service is engaged. GST is only payable once the goods are removed from the bonded warehouse for local use and/or consumption. GST is not payable if the goods are removed for export or if their supply and/or sale is undertaken while they are in the warehouse.