Dutiable goods may be warehoused in a bonded warehouse for how long?

Dutiable goods may be warehoused in a bonded warehouse for how long?

• A. Two years
• B. Five years
• C. One year
• D. Three years

Answer: (A)

Dutiable goods in a bonded warehouse may be stored for two years. This arrangement allows you to defer paying duties while the goods are warehoused, keeping them secure and ready for release or re-export. The two-year limit ensures duties are eventually collected and prevents indefinite withholding of goods. If more time is needed, an extension can be requested from the Comptroller of Customs, but without clearance or extension, the goods would need to be moved, released for home use, or exported.

Dutiable goods in a bonded warehouse may be stored for two years. This arrangement allows you to defer paying duties while the goods are warehoused, keeping them secure and ready for release or re-export. The two-year limit ensures duties are eventually collected and prevents indefinite withholding of goods. If more time is needed, an extension can be requested from the Comptroller of Customs, but without clearance or extension, the goods would need to be moved, released for home use, or exported.