What defines foreign merchandise in transit according to Georgia law?

The definition of foreign merchandise in transit according to Georgia law focuses on the movement of personal property specifically through various transport modes and the control over it. The correct choice emphasizes personal property moved by waterborne commerce through a port in the state, which aligns with the legal definition that identifies goods that are transported via waterways but are not yet considered part of the state's economy or taxable inventory.

This distinguishes goods that are merely passing through rather than being under state jurisdiction or held in storage for sale. The transport by waterborne means is particularly significant in this context because maritime commerce often involves distinct regulations and is a common method for international trade, especially for goods arriving from overseas. Therefore, this option accurately captures the essence of what constitutes foreign merchandise in transit by specifying the mode of transport (water) and location (through a port).

Other options may refer to aspects of property movement or storage but do not fit the precise legal definition concerning foreign merchandise in transit as clearly as the correct choice does. For instance, personal property moved by rail may not specifically pertain to foreign merchandise or the required conditions in transit law. Similarly, goods merely stored in warehouses or awaiting customs inspection do not meet the criterion for classification as foreign merchandise in transit, since those states imply a different