Private warehouse licensing under customs law depends on prescribed conditions for depositing dutiable imported goods. Licensing of private warehouses under the Customs Act empowers the Principal Commissioner of Customs or Commissioner of Customs to grant a licence, subject to prescribed conditions, for a private warehouse in which dutiable goods imported by or on behalf of the licensee may be deposited. The provision governs the authorisation of private warehousing as a regulated customs facility and links the grant of licence to compliance with conditions prescribed under the Act and the rules made thereunder.