Outline four benefits of a bonded warehouse to the importer.

Answer

Benefits of a bonded warehouse to the importer include:

• The importer can sell the goods before paying duty hence transferring the burden to the buyer.
• Goods can be prepared for final sale while still in bond.
• Gives the ¡importer time to  arrange for payment of duty.
•  The importer can look for market
•  Some goods like wine, can improve in quality and value while still in bond.
• Security is provided  for the goods while they are in  bond.

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