Goods discharged from ships on which import duties have not been paid are kept in the

Assessment: JAMB UTME - Commerce - 1994 Subject: Commerce

Question 1 Report

Goods discharged from ships on which import duties have not been paid are kept in the
Answer Details
Goods discharged from ships on which import duties have not been paid are kept in bonded warehouses. These are secure facilities authorized by the government where goods that are not yet cleared by customs are stored. The goods remain in the custody of the customs department until the necessary duties are paid, and the goods are released for distribution. Bonded warehouses are used to facilitate trade by allowing the storage of imported goods without the immediate payment of duties, thus allowing for the efficient movement of goods through the supply chain.
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