By customs legislation definition in the Republic of Bulgaria, customs warehousing regime is in deferred payment arrangements and allows importing goods to be stored for an indefinite period in a state-licensed warehouse under customs control, without payment of customs duties payable. A security deposit with a deposit or a bank guarantee of 15% of the import duties is required to place goods under such arrangements. The use of the customs warehousing procedure allows the importing company to save working resources by postponing the payment of the due customs duties until the moment the goods are sold in the country.
The customs authorities shall allow the use of customs warehouses for the processing of foreign goods under customs control and for the processing of such goods under the inward processing procedure. Goods may also be subject to the so-called common operations, which by type and manner of application are defined in the normative regulation.
Until a customs destination is obtained, the goods presented to the customs authorities have the status of temporary warehousing. Temporarily stored goods may be stored only in the places and under the conditions laid down by the customs authorities - temporary warehouses. They are entitled to require the person to whom the goods are located to secure the payment of any duties, taxes, fees, etc., which may be due in the future at 15% of the customs duties goods stored in temporary warehouses. Temporarily stored goods may not be subject to treatment other than that intended to ensure their preservation in the unaltered state without altering their original appearance or their technical characteristics. The time for storage of goods in a temporary warehouse is limited.