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WAEC Commerce 1999 Question 41

Question 41

Warehousing

Bonded warehouses are controlled by

  1. A.Export Promotion Council
  2. B.Ports Authority
  3. C.Customs and Excise Authority
  4. D.Clearing and forwarding agents
Show the answer and explanation

Answer: C (Customs and Excise Authority)

Explanation

Goods in bond have not paid duty, so customs controls them.