Mr. Niall Cody:

The bonded warehouse is very much a feature of the infrastructure of customs and, particularly, excise. When we talk about approved warehouses, that is that approved warehouse concept. The rules, guarantees and controls are all laid out in law. In a way the excise duty bonded warehouses are still a big feature of the way alcohol and cigarettes are dealt with here. Customs bonded does not have such a high profile because of the Single Market but that will be back.