Bonded Goods
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Bonded commodities are items for which customs duty has not been paid.
Bonded commodities are stored in customs-supervised warehouses.
Bonded commodities are kept in these warehouses until the customs duty is paid.
Customs-supervised warehouses are facilities under the control of customs authorities.
Customs duty must be paid on bonded commodities before they can be released.
Bonded commodities differ from regular merchandise as their customs duty remains unpaid until clearance.
Understanding bonded commodities is crucial for managing international trade and compliance with customs regulations.
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