Author

Ikumi Maruta

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The bonded system allows foreign goods to be stored, processed and displayed in warehouses, factories, museums and other facilities that have been approved by Japan Customs in bonded zones prior to obtaining an import permit. By obtaining a bonded zone permit and utilising the bonded system, goods can be stored, processed, and displayed while customs duties and other taxes are withheld, which is a great advantage in terms of commercial transactions. By utilising the features…