Write a short note on bonded godowns.

1.	Write a short note on bonded godowns.
Answer» Godowns for those goods on which custom duty is not paid (Bonded godowns) : A godown that can store imported goods on which custom duty is not yet paid is called a bonded godown. These godowns are situated near the place of import such as sea ports, airports,.or border areas. These godowns prove blessing for importers because: The importer may not be able to pay heavy custom duties immediately at the time .of import. The importer may want to re-export the goods from the godown itself. These godowns provide facility to the owner to divide, mix and repack the goods so that he can prepare a variety of lots for export.

Answer»

Godowns for those goods on which custom duty is not paid (Bonded godowns) :

A godown that can store imported goods on which custom duty is not yet paid is called a bonded godown.
These godowns are situated near the place of import such as sea ports, airports,.or border areas.
These godowns prove blessing for importers because:
The importer may not be able to pay heavy custom duties immediately at the time .of import.
The importer may want to re-export the goods from the godown itself.
These godowns provide facility to the owner to divide, mix and repack the goods so that he can prepare a variety of lots for export.

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