MCQs · Q2
Q.A warehouse licensed by customs authorities to store imported goods on which import duty has not yet been paid is called a:
(a) Private Warehouse
(b) Cooperative Warehouse
(c) Bonded Warehouse
(d) Public Warehouse
Tamil Nadu DgeTextbookSubjectiveImportance★★★★★
42% · 8/19 Questions
You're viewing a preview — the full solution, concept, methods & PYQ mapping are locked.
Start your 14-day free trial to unlock the full solution →A Bonded Warehouse is licensed specifically by customs authorities to store imported goods before import duty has been paid on them; the importer defers duty payment until the goods are actually removed for domestic sale/use, or may re-export them without ever paying domestic duty. Private, Cooperative and Public Warehouses (opti …
Unlock everything free for 14 days
- Full step-by-step solutions
- Concept-first explanations
- Methods, shortcuts & mistakes
- PYQ mapping + timed mock tests
Full access for 14 days. No credit card required.