Question
How bonded go downs are blessing for re-export trade $2$

Answer

  • Bonded go down has important place in foreign trade. This type of go downs are made by government on the port. It holds important place in re-export business.
  • Re-export means to import goods from other country and without getting it discharged; it is re-exported to another country.
  • In the trade of re-export the goods remain in the go down till the ship of the country where goods is to be sent arrives. These are special go downs with special facilities.
  • Goods do not get spoiled and quality of goods is maintained. As goods are not discharged no custom duty is paid. Thus, from the view point of quality and expense bonded go downs are blessing.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free