We are pleased to announce the HMRC has awarded CPG with a bonded warehouse status. Our bonded warehouses enable customers to store imported goods, with the advantage of customs duties payment only being applied when the goods are released from bond. Port-centric to both Portsmouth and Southampton, our location reduces both time and costs for our customers when importing and exporting goods.
Our Authorised Economic Operator (AEO) and bonded status demonstrate the physical and technical security measures we have in place at CPG to ensure the international supply chain is secure. As an Authorised Economic Operator, consignments travel through cross borders with fewer checks and minimum delay, in a safer and more secure environment. AEO status is internationally recognised and as a company we have demonstrated that customs controls and procedures are conducted efficiently and compliantly.
As the transition period for the United Kingdom exiting from the European Union has now ended, we wanted to reassure you of the standards and accreditations we have in place to ensure our customers can continue to operate on a successful international basis.