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of <h1>Applicants Must Meet Strict Conditions for Special Warehouse License: Insurance, Duties, Indemnity, and Experienced Warehouse Keeper Required.</h1> Applicants for a special warehouse license must meet several conditions as determined by the Principal Commissioner of Customs or Commissioner of Customs. These include providing an all-risk insurance policy covering various risks in favor of the President of India, an undertaking to pay any applicable duties, interest, fines, and penalties, and an indemnity for any liability due to loss of warehoused goods. Additionally, the applicant must appoint a warehouse keeper with sufficient experience in warehousing operations and customs procedures. These requirements ensure compliance and accountability in the management of special warehouses.
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