A bonded warehouse differs from a private warehouse in that goods stored in a bonded warehouse

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are held under customs control until import duties are paid. A bonded warehouse is a government-approved facility where imported goods are stored under customs supervision without payment of import duties until the goods are released for local consumption. The importer pays the duties only when the goods are withdrawn, which is the key distinction from a priv

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A) are owned exclusively by the government

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B) must be perishable commodities requiring refrigeration

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C) are held under customs control until import duties are paid

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D) can only be released upon presentation of a bill of lading

A bonded warehouse differs from a private warehouse in that goods stored in a bonded warehouse

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