Question

Distinguish between the following:
Bonded Warehouse & Duty Paid Warehouses

Answer 1

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.