Here’s a comparison of Licensed Manufacturing Warehouse (LMW) and Bonded Warehouse:
Licensed manufacturing warehouses are authorized facilities for production under specific licenses, owned by manufacturing companies, and compliant with manufacturing regulations. They handle raw materials and finished goods. On the other hand, bonded warehouses store imported goods without duties until released for consumption or export, often providing tax advantages and strict compliance with customs regulations.
These differences reflect the distinct purposes and functions of Licensed Manufacturing Warehouses and Bonded Warehouses in facilitating international trade and manufacturing activities while adhering to customs regulations.
These differences reflect the distinct purposes and functions of Licensed Manufacturing Warehouses and Bonded Warehouses in facilitating international trade and manufacturing activities while adhering to customs regulations.