O-LevelCommerceWarehousing7100/11 · Oct/Nov 2013 · Q291 Mark

What is the importance of a bonded warehouse to a local manufacturer who exports goods?

ACustoms duties can be avoided.

BExcise duties paid on goods that are then exported can be reclaimed.

CGoods can be exported more quickly.

DThe manufacturing process can be completed in the warehouse.

✓ Correct answer

B: Excise duties paid on goods that are then exported can be reclaimed.

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Topic: Warehousing, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, Oct/Nov 2013 Paper 1 Variant 1, question 29.

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