Advantages of a bonded warehouse.
- Goods can be prepared for sale while in bond
- If goods are sold on bond, the duty passes to the buyer
- The owner can look for market first before paying the duty
- Some goods lose weight so the duty paid becomes lower if its based on weight
- Ensures that no duty is evaded since the goods cant be released without payment
- Enables the government to check on prohibited goods and smuggling.
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