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of <h1>New warehouse license applicants must ensure inspection compliance, secure all-risk insurance, and appoint qualified warehouse keeper.</h1> Applicants seeking a public warehouse license must meet specific conditions after a satisfactory inspection and compliance evaluation. They must provide an all-risk insurance policy covering various risks, including natural calamities and commercial crimes, in favor of the President of India, for the duty amount on stored goods. Additionally, they must undertake to pay any applicable duties, interest, fines, and penalties, indemnify customs authorities against liabilities from loss or damage to goods, and appoint an experienced warehouse keeper knowledgeable in warehousing operations and customs procedures.
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