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Storage refers to the act of keeping something in a specified place for future use, while use refers to the utilization or application of something.

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Businesses or individuals who store and use certain types of goods or materials may be required to file storage and use reports.

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The purpose of storage and use reports is to track the amount and type of goods or materials being stored and utilized for regulatory or compliance reasons.

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The information to be reported on storage and use reports usually includes details about the quantity, type, and purpose of the goods or materials being stored and utilized.