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Glossary: Bonded factories

Photo: Bonded factories
Photo: Bonded factories

Bonded factories are enterprises duly approved by customs authorities to carry out bonded processing for producing export goods. Customs may post their staff at these factories or send their staff to these factories anytime to carry out supervision, inspection as well as checking of the books.

 

Related article:

Related terms: bonded supervision, bonded areas, bonded warehouses, processing trade

 

 

 

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