What is Warehouse?

There are certain customs and paperwork procedures that need to be done while companies carry out their import and export transactions. When goods are sent abroad or goods are brought to the country from abroad, the customs procedure takes a certain amount of time. In this process, the need arises for the related goods to be kept in a warehouse. Warehouses located close to customs to meet this need are called "warehouses". Goods waiting in the warehouse are considered as commercial goods for which tax has not yet been paid, and there is no time limit for them to be kept there. In other words, a minimum period of time that the goods should be kept in the warehouse or a maximum period of time that they can be kept there has not been determined. Goods can be kept in the warehouse until customs and paperwork are completed. On the other hand, if the goods are to be used in another transaction, if deemed necessary by the customs administrations, a new customs-approved treatment or use may be assigned to the goods. In such a case, all transactions of the goods must be completed and their exit must be made within 30 days from the registration of the related declaration. Otherwise, the goods are discharged from the warehouse.