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JAMB Commerce 1999 Question 25

Question 25

Warehousing

Tolu purchased goods from Yemisi and is to pay custom duties before collection. The goods are likely to be collected from

  1. A.a manufacturer's warehouse
  2. B.a bonded warehouse
  3. C.an importer's warehouse
  4. D.a wholesaler's warehouse.
Show the answer and explanation

Answer: B (a bonded warehouse)

Explanation

Imported goods on which duty has not been paid are kept in a bonded warehouse.