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Advantages of a bonded warehouse to the importer

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Advantages of a bonded warehouse to the importer.   (4mks)

  1. Helps importer to prepare goods for sale
  2. Secure goods against risks like theft
  3. Importer can look for market when good are still in the bonded warehouse
  4. Importer can look for money to pay custom duty.
  5. Burden of paying custom duty goes to the new buyer if goods sold while still in the bonded warehouse
  6. Quality of goods and wine improves fetching higher prices


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