Special warehouse licensing requires insurance, financial undertakings, indemnity protection and an experienced warehouse keeper for customs-compliant operations. A special warehouse licence requires the applicant to provide all-risk insurance covering the duty on proposed dutiable goods, undertake liability for ... Summary
Special warehouse licensing requires insurance, financial undertakings, indemnity protection and an experienced warehouse keeper for customs-compliant operations.
A special warehouse licence requires the applicant to provide all-risk insurance covering the duty on proposed dutiable goods, undertake liability for duties, interest, fines and penalties relating to warehoused goods, and indemnify the competent Customs Commissioner against losses from specified causes during warehousing operations. The applicant must also appoint a warehouse keeper experienced in warehousing operations and customs procedures.
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