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Public godowns help in availing financial facilities. Give reason.

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  • Public godowns are used for storing products owned by public.
  • As the name suggests these godowns store only those goods which are imported from other countries and on which custom i.e. import duty is already paid.
  • This facility helps the goods owner to directly sell the goods with the help of receipt. This saves him from the expenses of loading and transporting goods.
  • A businessmen can also divide the large stock of goods into small lots within the godown and sell them to separate traders.
  • All these facilities help the businessman to avail several financial facilities and free his invested money.

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