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<h1>Solvency certificate requirement: importers must furnish bank solvency equal to stated maximum duty when applying for private bonded warehouse license.</h1> Applicants for private bonded warehouse licences must furnish a solvency certificate from a scheduled bank equivalent to the maximum customs duty they declare will be involved on goods stored at any one time. Central, State and Union Territory administrations and their undertakings are exempt. EoUs, EHTP and STPI units are exempt because their security arrangements are governed by the Foreign Trade Policy. Solvency requirements for AEOs and ACPs are governed by their respective circulars.