Which type of warehouse is specifically designed and licensed for storing imported goods o… — JAMB UTME

Which type of warehouse is specifically designed and licensed for storing imported goods on which customs duties have not yet been paid?

Bonded warehouse

A bonded warehouse is a secure facility under customs authority supervision where imported goods are kept duty-free until customs duties are paid.

Analyze the stem requirement

The key criteria are imported goods and unpaid customs duties.

Warehouses serve distinct commercial and regulatory purposes based on ownership and customs status.

Identify the matching warehouse category

A bonded warehouse operates under government bond to store dutiable goods before duty payment.

This arrangement permits importers to defer payment until goods are released for local consumption or re-exported.

Warehousing Types - Bonded Warehouse

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