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Question

Identify the type of warehouse licensed by the government provided for storing imported goods _______________.

A
Duty-paid warehouse
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B
Bonded warehouse
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C
Government warehouse
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D
Licensed warehouse
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Solution

The correct option is B Bonded warehouse
Bonded warehouse licensed by the government provided for storing imported goods. It may be managed by the state or private enterprises.Bonded warehouse can be defined as customs-controlled warehouse for storing the imported goods until the duty is paid.

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