Brooklyn International Foods is an importer of food products from Europe. For its latest shipment, it did not have enough cash to immediately pay the customs duties and taxes. As a result, the imports were placed in _____ until the payment could be made.

Question

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Bonded storage is a type of warehouse where imported goods can be stored without paying the customs duties and taxes immediately. The goods are held in bond until the payment can be made, and then they are released for distribution.

Brooklyn International Foods Is an Importer of Food Products from Europe