O-LevelCommerceGlobal trade7100/12 · May/June 2015 · Q191 Mark

Enver has purchased jewellery from an importer. The jewellery is held in a bonded warehouse at the airport. What must Enver do before he is allowed to take his jewellery from the warehouse?

Aarrange for insurance against the loss of the jewellery

Bfind a buyer for the jewellery

Cinform the customs officers about the jewellery so they can record it as an import

Dpay the customs officers any import duty that is due on the jewellery

✓ Correct answer

D: pay the customs officers any import duty that is due on the jewellery

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Topic: Global trade, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, May/June 2015 Paper 1 Variant 2, question 19.

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