Features of bonded warehouses

Commerce study Manual STUDY MANUAL|PDF NOTES|SYLLABUS|REVISION
  1. Goods will be bounded in the warehouse until the duty is paid.
  2. Goods can be re-exported when still in the warehouse.
  3. Storage costs are charged on all the goods stored in the warehouse.
  4. Goods can still be sold when they are under bond.
  5. Goods are released only on production of a release warrant.



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