Cory bonds Manchester warehouse
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• McGregor Cory Warehousing has turned over part of its Trafford Park, Manchester complex to a Customs bonded warehouse, which any operator can pay to use.
Of the 30,000m2, 13,000m2 can now be used for the wet bond of imported wines and spirits. The remaining space can be devoted to the dry
bonding of imported goods such as textiles and timbers, and the free storage of goods manufactured in this county.
A Customs warehouse enjoys the same status as a port, where if dutiable goods are moved into a bonded warehouse upon entry to the country, they incur no liability for VAT and duty until released from the bond. The period of bond is at the discretion of the importer.
Importers who have been approved for deferment of VAT by Customs can then have a further six weeks' grace before payment from the date the goods are released from bond.