678 B
678 B
Public Warehouse System
Definition
A system for collecting customs duties where imported goods are stored in government-controlled warehouses until duties are paid, allowing for more efficient collection and reduced smuggling opportunities.
Source Chapter
Book V, Chapter 2
Context
Smith proposes this system as a reform to improve customs collection, arguing that it would reduce the expense of collection, prevent smuggling more effectively, and allow for the simplification of customs duties.
Economic Domain
General Theory