Customs Act 1962: Provisions for Warehousing Imported Goods
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Customs Act 1962: Provisions for Warehousing Imported Goods

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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?

  • 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?

  • 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?

    <p>Before landing</p> Signup and view all the answers

    Where can public or private bonded warehouses be operated according to the Customs Act, 1962?

    <p>At designated warehousing stations</p> Signup and view all the answers

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