Bearing specialist strengthens supply chain operations
Business
06-04-2020
SMB Bearings has gained customs bonded warehousing authorisation. This HM Revenue & Customs (HMRC) authorisation allows traders to store goods imported from outside the UK and EU, without payment of import duty or VAT, until the goods are re-exported to a non-EU country goods or are released into free circulation (subject to payment of duty and VAT).
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