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<h1>Private warehouses licensed under section 58 before Finance Act 2016 must meet new regulations within three months to remain valid.</h1> A private warehouse licensed under section 58 prior to the Finance Act 2016 remains valid under the Private Warehouse Licensing Regulations, 2016, provided it meets the specified requirements within three months from the regulations' commencement. These requirements include compliance with clauses (b) and (c) of sub-regulation (1) of regulation 3 and the conditions outlined in regulation 4.