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WAEC Commerce 2009 Question 49

Question 49

Warehousing

A place where dutiable goods are kept until duties on them are paid is known as

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

Answer: C (bonded warehouse)

Explanation

Dutiable goods are kept in a bonded warehouse until duty is paid.