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Questions and Answers
Where are some imported goods warehoused for supply to EOU/EHTP/STP/SEZ units?
Where are some imported goods warehoused for supply to EOU/EHTP/STP/SEZ units?
- Factories of production
- International airports (correct)
- Duty-free shops
- Private bonded warehouses
What are some reasons why an importer may not want immediate clearance of imported goods?
What are some reasons why an importer may not want immediate clearance of imported goods?
- Surplus funds and low demand in the market
- Lack of transportation and damaged goods
- High market price and non-saleability
- Market price, saleability, non-requirement, paucity of funds (correct)
Under what circumstances do goods imported for sale in duty-free shops at international airports get warehoused?
Under what circumstances do goods imported for sale in duty-free shops at international airports get warehoused?
- Immediately after landing
- Only when demanded by travelers
- When the market prices are high
- Before being sold to international travelers (correct)
When can imported goods be removed to a warehouse without payment of duty?
When can imported goods be removed to a warehouse without payment of duty?
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Where can public or private bonded warehouses be operated according to the Customs Act, 1962?
Where can public or private bonded warehouses be operated according to the Customs Act, 1962?
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