What is the exception to the time of entry for a warehouse entry?

In the context of customs regulations, when goods are entered into a bonded warehouse, the time of entry is a crucial aspect in determining the applicable duty rates. In general, the duty on imported goods is assessed based on the time of entry. However, for goods that are stored in a warehouse, the time of withdrawal becomes significant.

The critical point is that the duty rate for goods withdrawn from a warehouse is typically based on the rate that is in effect at the time of withdrawal rather than the time of entry into the warehouse. This means that if there have been changes to duty rates after the goods were initially entered into the warehouse, the new rates will apply when the goods are withdrawn for consumption. This regulation allows importers to take advantage of more favorable duty rates if they become available after the goods have been placed in the warehouse but before they are withdrawn.

This understanding of the exception is particularly important for customs brokers and importers looking to manage their costs effectively when dealing with warehoused goods.