O-LevelCommerceWarehousing7100/12 · Oct/Nov 2016 · Q271 Mark

Which statement is true of bonded warehouses?

AAll goods to be re-exported are kept under bond until duty on them is paid.

BDutiable goods are stored in them until duty is paid.

CGoods are stored free of charge and prepared for sale.

DImported goods can be manufactured in these warehouses.

✓ Correct answer

B: Dutiable goods are stored in them until duty is paid.

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Topic: Warehousing, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, Oct/Nov 2016 Paper 1 Variant 2, question 27.

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