Best Warehousing was primarily tried out at Whitefield (Bangalore). The importers were able to store cargo and cause partial releases thus deferring duty payment to Customs, and together releasing the international (ISO) container in which the cargo is imported.
Best Warehousing provides a dual benefit to the importer. On the one hand, it enables the deferral of duty payment, and on the other hand, allows for cargo to be stored under the relatively affordable option of warehouse storage as against holding on to an ISO container for which dollar charter rentals accumulate on the importer.
Best Warehousing has an exceptional benefit in delivering this service. Its warehouses are situated in close immediacy to the sidings/ ICDs where imports come in the first place. This makes the bonding of cargo a very cost-efficient alternative, as there’re practically no transfer costs included in the movement of cargo from the landing facility to a chosen.
Best Warehousing order to strike into this highly productive division of the business, bonded warehousing facilities have already been made operational by Best Warehousing at its terminal in Mumbai and JNPT.