Distinction Between Duty Paid Warehouse and Bonded Warehouse
Class 12th – HSC Board of Maharashtra State Board – Organization of Commerce and management – Studies notes, study material, study material, study notes, study perpetration, distinguish between, difference between Duty paid warehouse and Bonded warehouse.
| Sr.No | Difference | Duty Paid Warehouse | Bonded Warehouses |
| 1. | Meaning | Duty paid warehouse is the warehouse where imported goods on which duty is already paid are stored. | Bonded warehouse is the warehouse where imported goods on which duty is not paid are stored. |
| 2. | Purpose | Main purpose would be that the importer does not have suitable warehousing facility. Also, he may not require immediate delivery of goods. | 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. |
| 3. | Location | They are located in a port-town outside the dock area. | They are located within the dock area. |
| 4. | Markets | The imported goods stored here are mostly for the domestic markets. | The imported goods stored here are mostly re-exported. |
| 5. | supervision | These warehouses are not supervised by the customs authority. They are supervised by port authority. | The customs authority closely supervises the working of these warehouses. |
| 6. | Delivery | Delivery of goods can be obtained after payment of the rent charges of the warehouse. | Delivery of goods is done after payment of import duty. In case of re-export, the import duty need not be paid, only rent and service charges need to be paid. |
| 7. | ownership | Such warehouses are owned by public authorities. | Such warehouses may be owned by private or dock authorities. |
