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Answer» Types of godowns on the basis of ownership: 1. Private godowns: - A godown owned by a manufacturer or trader exclusively for his own use is called a private godown.
- Such godowns are built as per the space needed by the manufacturer or trader to store his goods.
2. Public godowns: - A godown built for storing goods owned by public is known as a public godown. Although these are also owned by individuals, institutions or businessmen but they are open for public storage.
- People who want to store their goods can store in these godowns by paying rent and other charges. Normally, these godowns are situated near railway stations, ports and airports.
- Today, public godowns have become an independent activity just like a business. These godowns provide safe storage of goods and proper maintenance.
- These godowns provide receipts to the owners of the products against storage. Moreover, these receipts are transferable. This means if the owner of the goods sells the goods stored in godown to someone, the buyer can claim the ownership of the goods based on the receipt he gets from the existing owner.
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