Disadvantages of bonded warehouses

Commerce study Manual STUDY MANUAL|PDF NOTES|SYLLABUS|REVISION
  1. Importers have to meet strict schedules or storage to avoid being fined the customs department
  2. Goods could be stolen/damaged while in bond.
  3. Failure to raise duty and storage charges can lead to goods being auctioned.
  4. Expensive compared to private and public warehouses.
  5. High charges.



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