Sr.
No.
|
Basis
of Difference
|
Bonded warehouse
|
Duty paid Warehouse
|
1.
|
Meaning
|
Bonded warehouse is the warehouse
where imported goods on which duty is not paid are stored.
|
Duty
paid warehouse is the warehouse where imported goods on which duty is already
paid are stored.
|
2.
|
Location
|
They
are located within the dock area.
|
They
are located in a port-town outside the dock area.
|
3.
|
Markets
|
The
imported goods stored here are mostly re-exported.
|
The
imported goods stored here are mostly for the domestic markets.
|
4.
|
supervision
|
The
customs authority closely supervises the working of these warehouses.
|
These
warehouses are not supervised by the customs authority. They are supervised
by port authority.
|
5.
|
Delivery
|
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.
|
Delivery
of goods can be obtained after payment of the rent charges of the warehouse.
|
6.
|
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.
|
7.
|
ownership
|
Such
warehouses may be owned by private or dock authorities.
|
Such
warehouses are owned by public authorities.
|