Compliance by existing warehouses required; customs lock removed only after regulatory compliance is proved to the bond officer. Existing public warehouses appointed under section 57 and private warehouses licensed under section 58 immediately prior to the Finance Act, 2016 must comply with the Warehouse (Custody and Handling of Goods) Regulations, 2016 within the prescribed transitional period; upon such compliance the bond officer shall cause the customs lock to be removed.
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Compliance by existing warehouses required; customs lock removed only after regulatory compliance is proved to the bond officer.
Existing public warehouses appointed under section 57 and private warehouses licensed under section 58 immediately prior to the Finance Act, 2016 must comply with the Warehouse (Custody and Handling of Goods) Regulations, 2016 within the prescribed transitional period; upon such compliance the bond officer shall cause the customs lock to be removed.
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