Virtual Depot - Certified Bonded Warehouse | KPMG | BR

Virtual Depot - Certified Bonded Warehouse

Virtual Depot - Certified Bonded Warehouse

The idea behind the Certified Bonded Warehouse regime (DAC) is to allow the storage of merchandise at bonded warehouses...

The idea behind the Certified Bonded Warehouse regime (DAC) is to allow the storage of...

The Certified Bonded Warehouse Regime (Regulatory Instruction IN 266) allows domestic merchandise to bew deposited at a bonded warehouse and sold to a person or entity located abroad and be considered exported for all tax, credit and foreign exchange purposes under an agreement for delivery in Brazil by order of the acquirer. The Regime will be operated upon authorization from the Brazilian Federal Revenue Service at a bonded warehouse publicly or privately used. The Regime is terminated when the shipment invoice is issued or the good is transferred to another special regime.

Possibility of transferring to other special regimes (Drawback, Temporary Admission, RECOF, REPETRO, Customs Depot and Free Trade Shop).

For the exporter:

  • Possess an positive accounting, due to tax revenues which are paid in advance.
  • It is possible to optimize credit lines and foreign exchange contracts.
  • The exporter's responsibility ends when the merchandise becomes qualified for DAC.
  • More flexible financial flows due to capital turnover. 
  • More competitive prices, because reducing inventory costs becomes possible.

For the importer:

  • The importer may resell the imported goods to other companies not domiciled in Brazil.
  • More options from suppliers.
  • Reduction in logistics costs, with the formation of economic batches.

The merchandise may be kept under the regime while the Bonded Warehouse Certificate is valid for the period of 12 months, which may be extended in special cases, to up to 24 months.

Companies must meet certain requirements to qualify for the regime: 

  • Have an automated system for controlling the regime by posting official reports on the web for inspection by the Brazilian Federal Revenue Service.
  • Merchandise must be sold to a person or entity located abroad, who appointed an agent accredited with the Brazilian Federal Revenue Service, under an agreement for delivery in Brazil for the purchaser, at a warehouse authorized to operate under the regime.
  • Merchandise is sold under a DUB contract.
  • The transaction must have an Export or Import register at the Integrated Foreign Trade System (SISCOMEX).
  • Issue of the Bonded Warehouse Certificate to transfer  the property title of the merchandise.
  • The merchandise must be deposited by the seller for the purchaser at a place authorized by the Brazilian Federal Revenue Service.
  • The merchandise must be checked and cleared for export.

Commitments made by the beneficiary to remain under the regime:

  • Federal Revenue Service Authorization for the company to be allowed into the Regime.
  • Specification of the types of cargo to be stored under the regime: general, refrigerated in meat-packing plants or in bulk.
  • Blueprint of the location and cut of the area for handling and storing
    merchandise.
  • Electronic issue of the bill of lading for bonded warehousing (CDA).

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