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JAMB Commerce 2008 Question 22

Question 22

Warehousing

A warehouse which is used to store goods whose customs duty is not yet paid is a

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

Answer: B (bonded warehouse)

Explanation

Imported goods are kept in a bonded warehouse under customs control until the duty is paid.