Question

Goods once cleared from Bonded warehouse can be shifted to Duty-paid warehouse.

• A. True
• B. False

Answer 1

The correct option is A True

Bonded warehouses are licensed by the government to accept imported goods prior to payment of tax and customs duty.

The goods are kept in bonded warehouses by the customs authorities till the customs duty is paid.

Goods can be removed in part as and when required by the importers and buyers, and import duty can be paid in installments.