Public warehouse licensing conditions require insurance, duty payment undertakings, indemnity for customs, and an experienced warehouse keeper. Regulation 4 requires, post inspection and compliance evaluation, that an applicant obtain an all risk insurance policy in favour of the President of India for an amount equivalent to the duty on stored dutiable goods, furnish an undertaking to pay duties, interest, fines and penalties under the statutory and warehouse regulations, indemnify the customs authority against liability for loss to warehoused goods from accidents or other unnatural causes during handling, and appoint an experienced warehouse keeper.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Public warehouse licensing conditions require insurance, duty payment undertakings, indemnity for customs, and an experienced warehouse keeper.
Regulation 4 requires, post inspection and compliance evaluation, that an applicant obtain an all risk insurance policy in favour of the President of India for an amount equivalent to the duty on stored dutiable goods, furnish an undertaking to pay duties, interest, fines and penalties under the statutory and warehouse regulations, indemnify the customs authority against liability for loss to warehoused goods from accidents or other unnatural causes during handling, and appoint an experienced warehouse keeper.
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