Licensing of Special Warehouses: new regulatory regime and strict transitional timelines for duty free and store warehouses. Insertion of Section 58A establishes a licensing regime for special warehouses where dutiable goods may be stored under customs lock; the Board has specified eligible classes of goods and issued related regulations. Existing warehouses storing goods for duty free shops, ship stores, airline stores and diplomatic stores must apply within prescribed timelines to continue operations beyond a three month transitional period, with expedited processing obligations on Commissioners and post application compliance steps prior to issuing licenses.
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Provisions expressly mentioned in the judgment/order text.
Licensing of Special Warehouses: new regulatory regime and strict transitional timelines for duty free and store warehouses.
Insertion of Section 58A establishes a licensing regime for special warehouses where dutiable goods may be stored under customs lock; the Board has specified eligible classes of goods and issued related regulations. Existing warehouses storing goods for duty free shops, ship stores, airline stores and diplomatic stores must apply within prescribed timelines to continue operations beyond a three month transitional period, with expedited processing obligations on Commissioners and post application compliance steps prior to issuing licenses.
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