Bonded warehouse licensing: prescribed documentary, security and financial guarantees and cost-recovery for officer services required. Prescribes uniform documentary, site, insurance and financial security requirements for grant and renewal of Customs Bonded Warehouse licences under sections 57/58, including company/partner particulars, title or lease, detailed site plans, comprehensive insurance, a General (Custodian) Bond with corresponding surety and solvency evidence, and additional cash deposit or bank guarantee requirements for sensitive or hazardous goods. Renewal applications must be submitted in advance. For 100% export-oriented units, export-zone permissions, specific bonds, bank guarantees or FDRs, attested lists of plant and IEC documentation are additionally required. Custodians must reimburse Customs officer service charges or pay prescribed MOT/service fees for continuous attendance.
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.
Bonded warehouse licensing: prescribed documentary, security and financial guarantees and cost-recovery for officer services required.
Prescribes uniform documentary, site, insurance and financial security requirements for grant and renewal of Customs Bonded Warehouse licences under sections 57/58, including company/partner particulars, title or lease, detailed site plans, comprehensive insurance, a General (Custodian) Bond with corresponding surety and solvency evidence, and additional cash deposit or bank guarantee requirements for sensitive or hazardous goods. Renewal applications must be submitted in advance. For 100% export-oriented units, export-zone permissions, specific bonds, bank guarantees or FDRs, attested lists of plant and IEC documentation are additionally required. Custodians must reimburse Customs officer service charges or pay prescribed MOT/service fees for continuous attendance.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
