4. Why are all cargoes subject to customs control?
Cargo shipments are to be inspected for duty collection and anti-smuggling purposes.
5. Are free Economic zones set up inside or outside the Customs territory?
Often a special status is expressed in preferential tax or customs conditions for national or foreign entrepreneurs.
6. What information did you learn about bonded warehouses?
When the importer doesn’t pay the duty immediately, the goods are stored in a bonded warehouse. The importer has to pay storage charges (cost of keeping the goods in the warehouse). The goods cannot be taken out of the warehouse until the importer pays the duties.
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