Distinguish between the following:

Bonded Warehouse & Duty Paid Warehouses

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Solution

Difference between Bonded Warehouse and Duty Paid Warehouse

Basis of Difference Bonded Warehouse Duty Paid Warehouse

Meaning It is a warehouse where imported goods for which the import duty has not been paid are stored. It is a warehouse where imported goods for which the import duty has been paid are stored.

Location It is located within the dock area. It is located outside the dock area.

Supervision Supervision is done by custom authorities. Supervision is done by port authorities.

Delivery Goods are delivered only after the payment of import duty. Goods are delivered only after the payment of rent charged by the warehouse.

Ownership It is owned by private people or dock authorities. It is owned by public authorities.

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