An importer can store goods in a bonded warehouse for up to three years without paying duty.

Name: An importer can store goods in a bonded warehouse for up to three years without paying duty.
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Question

Quizplus · Accepted Answer

This statement is true. Bonded warehouses are secured facilities where goods can be stored without paying import duties for up to three years. This allows importers to defer paying duties until the goods are ready for sale or export.

An Importer Can Store Goods in a Bonded Warehouse for Up