Which amongst the following is not true about private bonded warehouse:

CS Executive · Tax Laws · PYQS · June 2022
Which amongst the following is not true about private bonded warehouse:
(A) Owned and managed by private entities
(B) Availability of space certificate from warehouse keeper would be required
(C) Only dutiable goods can be warehoused
(D) Not generally allowed where the public bonded warehouses are available

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Customs Act

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