Multiple choice

Which of the following types of warehouses are licensed to accept imported goods, prior to payment of tax and customs duty?

  1. Private warehouses

  2. Public warehouses

  3. Bonded warehouses

  4. Government warehouses

  5. Cooperative warehouses
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

This is the correct answer. Bonded warehouses are licensed to accept imported goods prior to payment of tax and customs duty. These are goods that are not permitted to eave the docks or airport till customs duty is paid.

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