Serbian authorities have approved construction of a duty-exempt (bonded) warehouse within Palco d.o.o Sabac’s own warehouse.
This was built shortly and meanwhile began operation. Bonded (duty-exempt) means, that material duty unpaid is stored tamper-proof and kept locked up until sale. Only then all necessary customs formalities will be managed and material will be released for free circulation.
The bonded warehouse will be monitored very closely by customs authorities and will be authorized for absolute trustworthy companies only. The flood in Serbia end of May, which also hit parts of Sabac, caused fortunately no damage to the warehouse. Logistics works still smoothly.
