Question

State four merits of a bonded warehouse to the government.

Answer 1

• Enable the government to earn revenue
• Enable the government to control the quality quantity of goods imported
• Helps the government prevent importation of harmful commodities
• Enables the government to curb tax evasion
• Helps the government collect statistics on imported goods goods on transit
• Enables the government to inspect goods entering the country/ type of goods
• It helps the government solve the problem of unemployment
• Enables the government control quantity of goods imported