Bonded warehouse licensing requires a prescribed application, 30-day processing, centralized verification, and licences valid until surrender. Prescribes a standardized Form for new bonded warehouse licences requiring corporate, site, security, financial and goods details and specified declarations; bond officers must inspect and report within 15 days and Principal Commissioner/Commissioner decide within the next 15 days, completing licensing within 30 days. Centralized antecedent verification to DRI/DGCEI is to be used and post-verification permitted for certain declarations. Licences remain valid until surrender or cancellation with annual submission of insurance and solvency evidence required.