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State 5 ways in which a bonded warehouse is useful for international trade

1 Answer

4 votes

-Collect import duties before goods are released

-To prevent smuggling of goods are released

-To store goods for entrepot trade

-To keep dutiable good or goods on which duty has not been paid

-To enable government to raise revenue by collecting customs duties

Hope this helped. If i am wrong I am very sorry.

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