What is WDT&E (Warehouse Withdrawal for Transportation Exportation)?

"Warehouse Withdrawal for Transportation Exportation" is a customs procedure that allows goods to be transported from a bonded warehouse to a port of export without the payment of duties and taxes. This procedure is typically used when goods have been imported into a country but are not intended for domestic consumption, but rather for export to another country. By using a bonded warehouse and Warehouse Withdrawal for Transportation Exportation, exporters can defer the payment of duties and taxes until the goods have been exported, which can help to reduce costs and improve cash flow. The Warehouse Withdrawal for Transportation Exportation procedure is subject to various rules and regulations, and must be properly documented and reported to the relevant customs authorities.