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WAEC Commerce 2012 Question 22

Question 22

Warehousing

Bonded warehouse is a place where

  1. A.duty free goods are kept.
  2. B.perishable goods are kept.
  3. C.home-made goods are kept.
  4. D.dutiable goods are kept.
Show the answer and explanation

Answer: D (dutiable goods are kept.)

Explanation

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