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JAMB Commerce 1994 Question 22

Question 22

Warehousing

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

  1. A.ordinary warehouse
  2. B.public warehouse
  3. C.private warehouse
  4. D.bonded warehouse.
Show the answer and explanation

Answer: D (bonded warehouse.)

Explanation

A bonded warehouse holds imported goods until customs duty is paid.