Customs Bonded Warehouse

The Diamond Bourse of Canada (DBC) has a customs-approved warehouse facility for its members, in partnership with Malca-Amit Canada. This represents a significant value added service for members wishing to import goods from outside Canada.  This is the only government approved bonded warehouse facility for polished and rough diamonds in North America.

The customs bonded warehouse refers to a uniquely designated area of the facility in which items imported into Canada can remain in bond.

DBC’s customs warehouse facility enables members to suspend the payment of customs duties at the point of entry to Canada. This gives bourse members the flexibility to store goods for approval, to bring goods into free circulation (once duty and valued-added tax are paid) or to re-export goods to another destination. This flexibility provides members’ businesses with a valuable cash-flow advantage.

The authorization from customs is only granted after rigorous examination of procedures and a comprehensive facility audit and is further proof of the strength and integrity of DBC as an organization.

This combined with our comprehensive membership packages provide another compelling reason to be a member of the Diamond Bourse of Canada. For a number of our members, the CBSA approved customs bonded warehouse status is the icing on the cake.

This combined with our comprehensive membership packages provide another compelling reason to be a member of the Diamond Bourse of Canada. For a number of our members, the CBSA approved customs bonded warehouse status is the a huge bonus.

While these goods are in bond, they do not incur any Tax or duties.  The member will be required to pay GST/HST only on the goods that they have decided to import from bond (i.e. kept goods).   Stones that are returned without importation to Canada are not liable to GST/HST payments.

CUSTOM BONDED WAREHOUSE FEES

All fees listed below are due when services are rendered and payable to the Diamond Bourse of Canada.

  1. A Minimum fee of $25.00 for each package entering the Bonded Warehouse.
  2. Each package valued over $100,000.00 will pay a fee of .025 of 1% of the total value.
  • Example: 
    – A package valued at $200,000.00
    – 200,000 X .025 % =  $50.00 fee3.  Initial fees include the first 2 weeks of storage. 

4.  Following that there is a processing fee of .0125 of 1% per week.

  • Example:
    – A package valued at $200,000.00
    – 200,000 X .0125% = $25.00

5. The maximum storage time per package is 4 weeks.

(Please note the CBW fees above cover the administrative costs involved to process your parcel In Bond)

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