bonded factory Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “bonded factory” in the English Dictionary

"bonded factory" in Business English

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bonded factorynoun [C]

uk   us   PRODUCTION
a ​factoryapproved by a ​government where ​importedmaterials can be used to ​producegoods before any ​importtax has to be ​paid. The ​importtax is only ​charged when the ​finishedgoodsleave the ​factory: Customsauthoritiescheck the ​import and ​exportcontainers going to and from the ​bondedfactory.
(Definition of bonded factory from the Cambridge Business English Dictionary © Cambridge University Press)
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