A warehouse where dutiable goods are kept is a________

Assessment: WAEC SSCE - Marketing - 2015 (Objective) Subject: Marketing

Question 1 Report

A warehouse where dutiable goods are kept is a________

Answer Details
A warehouse where dutiable goods are kept is called a "bonded warehouse". A bonded warehouse is a facility where imported goods are stored temporarily to defer payment of duties and taxes until the goods are removed. This type of warehouse is typically operated by private companies under strict government supervision and control. Bonded warehouses are commonly used to store goods that are subject to customs duty, excise tax, or other taxes and fees that must be paid before the goods can be released into the domestic market.
Read lesson note on Warehousing (WAEC)
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