An air store bond is a designated area licensed by Singapore Customs for storing dutiable goods, namely liquor, with the duty and Goods and Services Tax (GST) suspended. These dutiable goods are meant for supply to the various airlines operating out of Changi Airport terminals. The designated area is also termed as licensed premises.

The licensed premises must be physically demarcated and separated from other areas, while the non-licensed premises may be used for other purposes.

Your company can enjoy improved cash flow under the Air Store Bond Scheme.