With reference to the operations of the customs and Excise Act, write brief notes on the following i) Duty free shop ii) Excusable goods iii) Bonded warehouse

      

With reference to the operations of the customs and Excise Act, write brief notes on the following
i) Duty free shop
ii) Excusable goods
iii) Bonded warehouse

  

Answers


Wilfred
i) Duty free shop
It means a room or premises situated in a port and licensed by the commissioner for the deposit of dutiable goods on which duty has not been paid and which have been entered to be warehoused for use as a ship stores or for sale to passengers departing to
places outside Kenya.

ii) Excisable goods
It means goods manufactured in Kenya or imported into Kenya on which an excise duty is imposed under the Customs and Excise Act. Examples of goods subject to excise duty include cigarettes, beer, shoes etc.

iii) Bonded warehouse
This is a warehouse used to store goods, whose VAT and other charges are secured by a bond. The warehouses are owned privately by persons licensed by the customs and excise department. They include bonded oil installations used to store petroleum products
Wilfykil answered the question on February 15, 2019 at 09:11


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