Maharashtra State BoardHSC Commerce 12th Board Exam
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Distinguish Between the Following: Bonded Warehouse and Duty Paid Warehouses - Organisation of Commerce and Management

Distinguish Between

Distinguish between the following:
Bonded Warehouse & Duty Paid Warehouses

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Solution

Basis of
Difference
Bonded Warehouse Duty Paid Warehouse
Meaning It is a warehouse where
imported goods for which
the import duty has not
been paid are stored.
It is a warehouse where
imported goods for which
the import duty has been
paid are stored.
Location It is located within the dock
area.
It is located outside the
dock area.
Supervision Supervision is done by
custom authorities.
Supervision is done by
port authorities.
Delivery Goods are delivered only
after the payment of import
duty.
Goods are delivered only
after the payment of rent
charged by the
warehouse.
Ownership It is owned by private
people or dock authorities.
It is owned by public
authorities.
Markets The imported goods stored here are mostly re-exported. The imported goods stored here are mostly for the domestic markets.
Purpose Main purpose would be either the importer needs to re-export the goods or the importer may not be in a position to pay import duty. Main purpose would be that the importer does not have suitable warehousing facility. Also, he may not require immediate delivery of goods.
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APPEARS IN

Micheal Vaz Organisation of Commerce and Management (OCM) HSC 12th Standard Maharashtra State Board
Chapter 2 Business Services
Distinguish between the following | Q 12 | Page 84
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