Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

Warehouses licensed by the government to accept imported goods before the payment of custom duty are known as?

   1. Private warehouses   2. Bonded warehouses   3. Government warehouses   4. Public warehouses

user-image
Question added by Wasi Rahman Sheikh , Warehouse Supervisor , AL MUTLAQ FURNITURE MFG
Date Posted: 2016/03/26
Ahmed Mohamed Ayesh Sarkhi
by Ahmed Mohamed Ayesh Sarkhi , Shared Services Supervisor , Saudi Musheera Co. Ltd.

wait more details from experts

 

vidya sagar burra
by vidya sagar burra , Assistant Manager SCM , Gati Kintetsu Express Private Limited

option 2  Bonded warehouses is the answer

MUBARAK INAY TULLA KHAN
by MUBARAK INAY TULLA KHAN , Procurement Manager , UNIT7 CONTRACTING EST. RIYADH.

   2. Bonded warehouses is the correct answer.

 

Saiyid Maududi-Oracle Applications Consultant
by Saiyid Maududi-Oracle Applications Consultant , Entrerprise Architect , US Technomatrix, Inc

Hello Team,

While the goods are in the bonded warehouse, they may, under supervision by the customs authority, be manipulated by cleaning, sorting, repacking, or otherwise changing their condition by processes that do not amount to manufacturing. After manipulation, and within the warehousing period, the goods may be exported without the payment of duty, or they may be withdrawn for consumption upon payment of duty at the rate applicable to the goods in their manipulated condition at the time of withdrawal. In the United States, goods may remain in the bonded warehouse up to five years from the date of importation.[2] Bonded warehouses provide specialized storage services such as deep freeze or bulk liquid storage, commodity processing, and coordination with transportation, and are an integral part of the global supply chain.Note: SM means Supply Management 

Regards,

Saiyid

Mohammed  Ashraf
by Mohammed Ashraf , Director of International Business , Saqr Al-Khayala Group

Bonded warehouses..........................................

Option 2) Bonded warehouses_______________Answer 

Vinod Jetley
by Vinod Jetley , Assistant General Manager , State Bank of India

 2. Bonded warehouses>>>>>>>>>>>>>>>>>>>>>>

Sathish Prabhu.V
by Sathish Prabhu.V , Manager - Operations & Process Improvement , Revolution Valves

Bonded warehouses are the ones licensed by Govt's to accept imported goods until the payment of customs duty

2. Bonded warehouses,,,,,,,,,,,,,,,,,,,,,,,,,,,,Right Answer

This is not Area of ​​my specialization, I hope to invite only specialists in this area

Vikas Bachhuka
by Vikas Bachhuka , Sales Manager - Tire, Lubs & Batteries , ALI ALGHANIM & SONS AUTOMOTIVE CO.

Bonded Warehouses.

 

Free trade zone are also build for the same purpose.

More Questions Like This