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What does in bond mean when buying wine?

Ask Decanter Seen wine prices listed as in bond? Heres what it means... Wines that are sold ‘in bond’ have not had the duty and VAT – also known as sales tax – paid on them. This is a particularly common way to buy wine for investment, and is also used for wine that is purchased Why would you buy ‘in bond’? Investment is one reason to buy in bond; you can’t do much about the state of the fine wine market, but you can look after your wine. ‘Fine wine matures once bottled and imp...
Justin Gibbs Simon Staples Fine Wine Sales Director Berry Bros ஜஸ்டின் கிப்ஸ் சிமோன் ஸ்டேபிள்ஸ்

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