Question

Brooklyn International Foods is an importer of food products from Europe. For its latest shipment, it did not have enough cash to immediately pay the customs duties and taxes. As a result, the imports were placed in _____ until the payment could be made.
a. ​a field public warehouse
b. ​a private warehouse
c. ​bonded storage
d. ​a secured warehouse
e. ​a public warehouse

Answer 1

Answer:

(c) Bonded storage

Explanation:

Bonded storage have been since extremely lengthy time span and give secure stockpiling to dutiable products to be put away, controlled, or made without an installment of obligation.  

The motivation behind these offices is to give government supervision and security to products preceding installment of obligation  

It is a structure or other verified region where dutiable merchandise might be put away, controlled, or experience producing tasks without installment of obligation.