Private warehouse licensing requires insurance, payment and indemnity undertakings, and an experienced warehouse keeper before licence grant. Private warehouse licensing requires, after inspection and compliance evaluation, all-risk insurance covering specified risks for the duty involved on ... Summary
Private warehouse licensing requires insurance, payment and indemnity undertakings, and an experienced warehouse keeper before licence grant.
Private warehouse licensing requires, after inspection and compliance evaluation, all-risk insurance covering specified risks for the duty involved on dutiable goods proposed to be stored. The applicant must undertake to pay duties, interest, fines and penalties relating to warehoused goods, indemnify the customs authority against liability for specified losses during handling and storage, and appoint a warehouse keeper with sufficient warehousing and customs-procedure experience.
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