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

Commerce
JAMB 2008

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

  • A. wholesale warehouse
  • B. bonded warehouse
  • C. public warehouse
  • D. branded warehouse
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Correct Answer: Option B
Explanation

A bonded warehouse is a customs-controlled warehouse for the retention of imported goods until the duty owed is paid.

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts